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Demystifying the Destination-Based Cash-Flow Tax
- Brookings Papers on Economic Activity
- Brookings Institution Press
- Fall 2017
- pp. 409-432
- 10.1353/eca.2017.0017
- Article
- Additional Information
ABSTRACT:
This paper describes the destination-based cash-flow tax, as proposed in 2016 by Republicans in the U.S. House of Representatives, and its potential economic effects. As a new approach and a major departure from the existing business tax system, this tax and its motivation have been poorly understood by many in government, the business community, and the economics profession.