A provision for “border adjustments” in the tax reform blueprint proposed by House Ways and Means Committee Chairman Kevin Brady (R-TX) would levy a tax on foreign-made products imported for sale in the U.S. While the language in the A Better Way document has not yet been officially endorsed by the Trump transition team, the potential damage to consumer products companies and the retail sector as a whole is generating concern.

The FDRA told The Oregonian that footwear brands would have to pay tax on the full sale price of a pair of imported shoes, without being able to deduct the ... Log in to view full article.