The BAT Is Dead, Long Live Tax Reform
On July 27, the Congressional and administration leaders responsible for crafting the top level principles that will guide tax reform this fall announced that they will not include the TGA-opposed Border Adjustment Tax (BAT) in any tax plan moving forward. This announcement could not have happened without the efforts of many of you, so thank you. TGA will now work with Congress and the Trump administration on permanent tax reform that simplifies the tax code, lowers burdens for U.S. travel goods companies, supports U.S. jobs, grows the economy, and makes our nation more globally competitive. If health care is any indication, the tax reform talks will be difficult and complicated, and a final tax reform package that can pass Congress and be signed into law by the President is by no means assured. TGA will provide updates as tax reform moves forward.