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BAT

GOP drops border tax proposal

WASHINGTON — Retailers celebrated congressional Republicans’ recent move to give up their pursuit of the border adjustment tax (BAT). Prior to GOP leaders’ announcement of the decision on July 27, retailers that receive many of the goods they sell from overseas had expressed concerns about the BAT, claiming that it would pass hefty costs on

Retail industry hails GOP’s decision to shelve BAT

Retail industry hails GOP’s decision to shelve BAT

WASHINGTON — Retailers applauded congressional Republicans’ move to give up their pursuit of the border adjustment tax (BAT). Prior to GOP leaders’ announcement of the decision on Thursday, retailers that receive many of the goods they sell from overseas had expressed concerns about the BAT, claiming it would pass hefty costs on to ­consumers. The

Border adjustment tax runs afoul of retailers

WASHINGTON — The proposed border adjustment tax will hit American consumers with price hikes, Target Corp. chairman and chief executive officer Brian Cornell testified last month at a House hearing. “American families — your constituents — would pay more so many multinational corporations can pay even less,” Cornell told the House Ways and Means Committee.

Round two in NRF’s fight against BAT

WASHINGTON – The National Retail Federation has launched the second phase of its television and digital ad campaign against House Republicans’ proposed border adjustment tax, building on the success of satirical “As Seen on TV” ads that described the BAT as an “everything tax” for American consumers. In the new campaign, three small retailers –