House GOP Business-Tax Plan Upends U.S. Policy, Bares Corporate Fault Lines
Friday, November 25, 2016
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 policy.
The proposed shift in effect would curtail existing incentives for U.S. companies to move...