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

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

CLICK HERE TO VIEW THE PDF 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. Th