Source: Rhonda Garrison, SOUTHERN FARM NETWORK, 6/2/17

Last week, the House Ways and Means Committee held its second hearing on the proposed border adjustability tax. American Farm Bureau Federation tax specialist Pat Wolff explains how the tax would change the way the U.S. taxes corporations…
“Instead of taxing a corporation where it produces a product, the tax would be levied where the corporation sells the product.  This means that a tractor manufactured in the US but sold overseas would have a 20% tax break.  

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