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Proposed Republican tax reforms would hit these retailers the hardest


Apparel retailers might be in for tough going if proposed tax reforms pass.

Among the measures that the House Republicans have proposed is a border-adjusted tax — a destination-basis tax — that would make it more expensive for U.S. companies to bring back their products for domestic sale. Apparel retailers top a list of the industries that would be most at risk by such a tax, according to a report by Business Insider.

"Apparel retailers have a relatively large proportion of goods that are imported (particularly as they tend to be more vertically integrated)," said Ike Boruchow, a senior analyst at Wells Fargo, in a recent note, according to the report.

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