Re:Border-adjusted cash flow tax (to replace corporation tax...
by gydfi on Wednesday March 01, 2017 @09:21PM
(#13770873)
Huge transfer of wealth from low-margin businesses to high-margin businesses.
Supermarkets, for instance, have margins of about 3%. With a revenue tax they'd be completely boned. They could raise their prices, of course. But the bigger supermarket chains would be better off buying out their own supply chain.
Supermarkets, for instance, have margins of about 3%. With a revenue tax they'd be completely boned. They could raise their prices, of course. But the bigger supermarket chains would be better off buying out their own supply chain.