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New tax could ‘bankrupt US footwear companies’

New tax could ‘bankrupt US footwear companies’

A new tax under consideration in the US could bankrupt domestic footwear companies, according to the president of the Footwear Distributors and Retailers of America (FDRA).

Matt Priest has warned the House Tax Reform Blueprint could impose a new $1.2 trillion border-adjusted tax (BAT) that could...
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