Destination-Based Tax Could Trigger Market Sell-Off: Goldman SachsBala Murali Krishna
Goldman Sachs has warned of a market sell-off if Congress passes a Republican proposal to shift to destination-based tax – based on where the goods and services are sold, rather than the place of their origin.
“Whatever the merits of the proposed legislation, we think markets would treat it as an escalation of trade tensions between the U.S. and the rest of the world,” the bank said in a research note Dec. 20 . . .
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