While not explicitly rejecting the controversial proposal to tax imports, a plan opposed by the vast majority of the retail and sporting goods industries, President Trump’s plan looks sure to get a thumbs up from most of the industry as it does call for a reduction in the corporate tax rate from 35% to 15% on both C and S Corp. businesses and does not include the Border Adjustment Tax. It also includes a tax holiday for repatriation of overseas profits at a 10% rate, which will certainly benefit major international brands like Nike and VF Corp. The BAT had ... Log in to view full article.