This edition of Global Macro Shifts examines US corporate tax reform and the potential impacts of a border adjustment tax (BAT). Templeton Global Macro reviews how a BAT would work, its likely effect on prices and exchange rates, its implications for the longer-term macroeconomic outlook, its impact on different domestic sectors and trade flows, and the potential ramifications for international trade relations.
White Paper: Global Macro Shifts—Trade and Taxes in a World with Borders
Published by: Franklin Templeton
October 5, 2017
