A Breakdown of Trump’s Tax Reform Plan

April 27, 2017

Linda Swartz comments in TPWeek about President Trump's tax reform plan.

An excerpt from "A Breakdown of Trump’s Tax Reform Plan," TPWeek, April 27, 2017:

However, opinions on the reform vary greatly. Linda Swartz, chair of Cadwalader, Wickersham & Taft’s tax group in New York, said the announcement was a feel-good, splashy promise that can only be achieved by sacrificing revenue neutrality.

“The Trump plan is short on detail, so questions regarding international tax reform, including whether a border adjustment tax (aptly named a Frankenstein VAT) has legs, remain unanswered,” said Swartz.