Former Wal-Mart U.S. CEO Defends Border Adjustment Tax

The video discusses the territorial tax system and its potential impact on revitalizing the US industrial base and middle class jobs. It highlights the opposition from retail executives to the border adjustment tax, citing concerns over increased consumer prices. The criticism of the retail lobby's exaggeration of negative effects on tax reform is addressed, emphasizing the need for adaptation to new tax laws. The discussion also covers the challenges faced by the retail industry, including the shift to e-commerce and the need for phased implementation of tax changes.

What strategies might retailers adopt in response to changes in tax laws and consumer behavior?

Discuss the relationship between the strengthening of the dollar and the impact of tax reforms on consumer prices.