U.S. Legislation Would Introduce New Tax on Imports from Countries that Provide Indirect Tax Rebates
U.S. Representative Bill Pascrell Jr., D-NJ, plans to introduce legislation that would impose a tax on imports from countries that are under an indirect tax system in certain cases.
The Border Tax Equity Act of 2016, which is expected to be introduced this week, targets countries benefiting from the WTO rules that allow rebates of indirect taxes such as VAT. Such rebates are seen as export sub…
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