The Tax Cuts and Jobs Act of 2017 reduced the standard U.S. federal corporate income tax rate

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The Tax Cuts and Jobs Act of 2017 reduced the standard U.S. federal corporate income tax rate from 35% to 21%. How would this change affect incentives for U.S. multinational firms to shift profits from the United States to other countries, using transfer pricing?

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Managerial Economics And Strategy

ISBN: 9780134899701

3rd Edition

Authors: Jeffrey M. Perloff, James A. Brander

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