Casabella founder and current executive chairman, Bruce Kaminstein, appeared on CNBC to discuss the implications of a Border Adjustment Tax for U.S.-based businesses.
“Unlike businesses that relocate to reduce labor costs or taxes, Casabella has only increased local employment through our 30-year life. That could change if a tax on imported goods is imposed,” he said. “If we are forced to pay a tax on goods that we design but are produced elsewhere, we won’t be able to afford to continue doing business as we do today. Most likely, we will be forced to reduce the size of our workforce here.”