Corporate Tax

Retailers NRF and RILA reject proposal for corporate tax of 26.5% – Sourcing Journal

Retail groups NRF and RILA push back on proposal for corporation tax of 26.5% – Sourcing Journal Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape-Photo-Camera-Graphic-Trend-Logo Shape-Symbol / User

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Sept. 15, 2021 4:10 p.m. ET

House Democrats want to pull back some Trump-era tax laws and potentially throw retailers in the crossfire. The draft tax plan would bring in $ 2.9 trillion in new taxes and revenue, based on the current version sent to the House Ways and Means Committee on Sunday. The tariff increase would apply to retailers and other businesses that …

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