Fitch says the introduction of US border tax poses risks to global sovereigns

US ratings agency Fitch out with a review on US Border Adjustment Tax

• proposed introduction of BAT to US corp tax system could have sizeable adverse spill overs to other countries if implemented

With the Donald now on this item of his agenda does that make him BATman? If so should we be very scared or will he come to save the day? If so who is he saving actually? and at what cost to the others?

• Fitch believes that the US dollar would appreciate markedly if reform proposal become law


• BAT could worsen current account balances and GDP growth for major exporters to US, reduce FDI flows


• BAT could raise burden of USD-denominated debt in EMS, precipitates strains on US dollar-linked exchange rate regimes


• BAT would lead to loss in row corp tax revenues owing to lower company profits from exports to US

I wonder if BATman and his sidekicks have fully thought this through?

Fitch says the introduction of US border tax poses risks to global sovereigns
Fitch says the introduction of US border tax poses risks to global sovereigns
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