Destination-based tax

Destination-Based Tax Could Trigger Market Sell-Off: Goldman Sachs

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 . . .

SORRY!

This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email support@valuewalk.com and we will get back to you as quick as humanly possible


Saved Articles
X
TextTExtLInkTextTExtLInk

Are you a smart investor? Join tens of thousands of sophisticated investor reading our authoritative free newsletter

* indicates required

Opt out of occasional 3rd party offers


Congrats! Are you a smart person? We have a limited time offer for sophisticated and loyal readers like yourself.

Sign up today and get three months free

Use coupon code VIP19 or click on the button below

Limited time offer only expires 8/31/2019 or next 30 now just 2 subscribers whichever comes first – please do not share this discount with others

 

0