Border tax could support dollar, NAB says

A strategist at National Australia Bank says the controversial tax could lend support to the dollar if enacted

tax-scrabble
Pay here: Republicans hope a proposed border adjustment tax will incentivise domestic production

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If lawmakers in the US succeed in implementing a controversial border adjustment tax plan, it could propel the dollar, which is already expected to outperform its peers in 2017, says Nick Parsons, global co-head of foreign exchange strategy at National Australia Bank (NAB), the winner of this week's 12-month currency forecasts.

House Republicans plan to reform the corporate tax code to include border adjustment taxes that will subsidise exports and tax imports. The a