X

Conclusion

A:

Destination-Based Sales Factor Apportionment is more straightforward and more effective than our new system which attempts — and fails — to tax the worldwide business activities of U.S. corporations with a quasi-territorial exemption. Companies can easily move certain business operations and assets out of the U.S., but few, if any, would be willing to give up sales to the world’s largest market. This system is not perfect, but it is far more equitable and efficient than the old system and greatly improves on the TCJA.


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