President Trump has proposed a tax reform plan that would reduce individual tax rates, abolish the alternative minimum tax (AMT) and federal estate tax, and more. The White House plan does not include a border adjustment tax. Since the announcement, White House officials have emphasized that the plan is an outline with details to come after negotiations with Congress.

Take Away. “The border adjustment proposal is one of the biggest base broadeners. It is estimated to generate $940 billion over 10 years.” Saba Ashraf, Partner, Ballard Spahr, LLP, Philadelphia, told Wolters Kluwer. “Without the inclusion of this in any overall tax reform effort, it is hard to see how such tax reform effort would come even close to being revenue neutral.”


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