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
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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
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