Can the House GOP kill three birds with one tax plan?

House Republicans have come up with a plan for corporate tax reform that might solve three pressing problems at once: The tide of U.S. companies moving their headquarters out of the country, President-elect Trump's desire for tariffs that runs counter to conservative orthodoxy, and the need to raise revenue to offset tax cuts.

A feature of the "Better Way" tax plan introduced by House Speaker Paul Ryan and the GOP in June would do all three — at least on paper.

The idea is to tax corporate income based on destination, meaning that goods and services sold outside the country would not be taxed regardless of where they are produced, and goods and services sold in the U.S. would be.

It would be an idea with sweeping implications. Yet it's only now starting to get attention, one Washington tax lawyer said, because many businesses and lobbyists presumed that Trump would lose and that the GOP tax plan would have no chance of passing. Now they're scrambling to understand the impact that the change would have on their businesses.

"It kills more than two birds with one stone, but it also provokes a lot of opposition," said Gary Hufbauer, a tax expert at the Peterson Institute for International Economics and a former director of the international tax staff at the Treasury Department.