Trump’s Tariff and Tax Policy 2.0
Tax Notes Talk
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Tariffs and Taxation: A Complex Relationship
This chapter explores the financial implications of tariffs, particularly their ineffectiveness for revenue generation compared to other methods. It highlights how tariffs can complicate economic growth and interact with existing tax policies, including the challenges faced by tax professionals regarding customs valuation and transfer pricing. Additionally, it underscores the legislative context of the Tax Cuts and Jobs Act while analyzing the intricate connections between tariffs and income tax strategies.
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