• U.S. Corporate Tax Reform and Wallace Stevens
  • June 19, 2017 | Authors: H. David Rosenbloom; Peter A. Barnes
  • Law Firm: Caplin & Drysdale, Chartered - Washington Office
  • There are, it seems, 13 ways of looking at a blackbird<sup>1</sup>and doubtless just as many perspectives on the destination-based cash flow tax (DBCFT), the spanking-new levy that House Republicans have advanced as a replacement for the corporate income tax. We undertake here to identify those perspectives and thereby portray the richness of this proposal. Much of the commentary to date on the DBCFT has homed in on specific features, whether favorably or unfavorably. But as the great poet mused while strolling in a Connecticut forest, examining the bird’s discrete features may not do justice to its complexity.