Destination-based cash flow tax
id:
destination-based-cash-flow-tax-162-16034579
title:
Destination-based cash flow tax
text:
A destination-based cash flow tax (DBCFT) is a cashflow tax with a destination-based border-adjustment. Unlike traditional corporate income tax, firms are able to immediately expense all capital investment. This ensures that normal profit is out of the tax base and only super-normal profits are taxed. Additionally, the destination-based border-adjustment is the same as how the Value-Added Tax treat cross-border transactions—by exempting exports but taxing imports. It was proposed in the United S
brand slug:
wiki
category slug:
encyclopedia
description:
Proposed form of border adjustment tax
original url:
https://en.wikipedia.org/wiki/Destination-based_cash_flow_tax
date created:
2017-02-18T20:33:23Z
date modified:
2024-08-28T02:29:40Z
main entity:
{"identifier":"Q28854662","url":"https://www.wikidata.org/entity/Q28854662"}
image:
fields total:
13
integrity:
15