[Richard Rubin| November 24, 2016 |Wall Street Journal] WASHINGTON—Fault lines inside the corporate world are emerging over a proposed rewrite of the U.S. tax code, pitting importers against exporters. At the heart of the fight is a Republican plan in Congress that would impose corporate taxes on imports while eliminating them from exports, a move that would upend decades of tax…
[Bob Davis| November 22, 2016 |The Wall Street Journal] Give China big credit for Donald Trump’s electoral victory, say prominent economists who study the impact of China on the U.S. economy. Rising imports from the Asian powerhouse made parts of the Midwest and Southeast more receptive to Mr. Trump’s anti-China, anti-free trade message, they found. A…
[Kyle Pomerleau| November 23, 2016 |The Tax Foundation] The House GOP blueprint will likely be the starting point for the tax reform debate in 2017. As with most tax reform plans, it proposes to reform the current system of taxing U.S. multinationals’ foreign profits. Under current law, U.S. multinationals are taxed on their worldwide income…
[Daily News| November 22, 2016 |Inside US Trade] Industry and labor sources from the domestic steel and aluminum industries are urging President-elect Trump to take steps to speed up the process for moving cases — primarily against China — through the U.S. International Trade Commission and Department of Commerce, perhaps through the appointment of a…
[Reuters| November 28, 2016 |The New York Times] The World Trade Organization ruled on Monday that a tax break from Washington State to help Boeing develop its new 777X jetliner was a prohibited subsidy. The ruling was a setback for the aerospace giant as it seeks victory in a parallel case against its European rival, Airbus. The trade organization said the…
