Destination-Based cash flow taxation by Alan Auerbach, Michael P. Devereux, Michael Keen and John Vella published by Oxford Univerdity Centre for Business Taxation (1/2017). “The DBCFT is an unfamiliar concept to many, and its economic consequences – especially the impact of the border tax adjustment on exchange rates and prices – are dificult to explain and to undestand. Yet the destination element of the DBCFT is taken from the VAT, which was also once unfamiliar – and may continue to be in countries that have not yet adopted one. We believe that there is a need for clear, dispassionate analysis of the complex issues involved in discussing international tax and its potencial reform; that is what this paper – and the book of which it is to be part – has tried to provide.”
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