Swinging the BAT at your supply chain

摘要

American shippers beware: congressional lawmakers on Capitol Hill want to take a BAT to your supply chain. Not the Louisville Slugger variety, but figuratively through the "Better Way Forward" plan's proposed border adjustment tax, also known as BAT. The border adjustment tax, authored by House Ways and Means Committee Chairman Kevin Brady, R-Texas, is part of an effort to jumpstart the U.S. economy. If implemented, it would tax imports on the front end at their full sales value, rather than on the back end as income, while giving exports a free pass. The Tax Policy Institute estimated the BAT will generate $1.2 trillion over 10 years, making it one of the largest revenue raisers to pay for the Better Way Forward plan.