Is the Border Adjustment Tax Really a Threat?

About a month ago, prior to President Trump’s inauguration, I wrote an article on Border Adjustments and Tax Reforms. My objective was to provide a condensed view of the details, without stating my opinion, if reforms would actually get ratified. I have decided to revisit the border tax adjustment proposal, its impact on the US economy, and the apparel and footwear sector. I want to begin with a relevant point that is frequently overlooked – while a border tax would be new to the United States, most of the world, including Europe has a value-added tax (VAT), that has similar features. With value-added taxation, a company does not pay VAT on what is imported because it receives a VAT refund