BofA Advocates For VAT Tax

As muscle is flexed in Syria, the Trump trades are nonetheless crumbling. A Bank of America Merrill Lynch report notes the trend in US dollar, higher interest rates and skyrocketing financial stocks are sputtering – the “three horsemen of the Trump trade.” Even an interest rate hike couldn’t reverse the trend. The financial moves come amid a shifting environment in Washington DC as the idea of a border adjustment — BAT tax — is giving way to a value added tax — VAT tax — but will it be enough to build consensus? Searching for a win, adjustments on tax…