Tax Policy Center

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Laura Power

International Economist, US Department of the Treasury

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Research report

The 2017 Tax Cuts and Jobs Act (TCJA) sharply reduced effective corporate income tax rates on equity-financed US investment. This paper examines the reform’s impact on US inbound foreign direct investment (FDI) and investment in property, plant and equipment (PPE) by foreign-owned US companies....

May 12, 2022
Thornton MathesonAlexander KlemmLaura PowerThomas Brosy