Today, the Retail Industry Leaders Association (RILA) hosted tax executives from America’s most recognizable retail brands for meetings on Capitol Hill. Tax executives from 7-Eleven, Abercrombie & Fitch, Advance Auto Parts, Best Buy, Big Lots, Burlington Stores, Costco, DICK’S Sporting Goods, Dollar Tree, DSW, Foot Locker, Gap, IKEA, J.C. Penney, Jo-Ann Stores, Lowe’s, Meijer, QVC, Rite Aid, Target, Ulta and Walmart, met with members of the Senate to talk tax reform.
While pro-growth tax reform that reduces the corporate rate and broadens the tax base remains a top priority for America’s retailers, the industry has been working with lawmakers to voice concerns over the negative impact of a proposed border adjustable tax.
“RILA has been working tirelessly with our members to educate lawmakers on the negative impacts a border adjustable tax will have on American consumers. Today and tomorrow, we are meeting with members of the Senate to remind them that moving forward on this provision is bad for retail and bad for America,” said Brian Dodge, senior executive vice president of public affairs.
To learn more visit www.rila.org/tax.
RILA is the trade association of the world’s largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and more than 100,000 stores, manufacturing facilities and distribution centers domestically and abroad.