Invariably, every election year the topic of tax gets brought back into focus and how best to stimulate the economy. On one side, you have reduction in corporate taxes to flow more earnings to employees. On the other side, you have higher corporate taxes to pay their fair share. The textbook opens up this chapter discussing a specific tax avoidance strategy for corporations. Trump successfully passed the Tax Cuts and Job Acts that included a "Base Erosion and Anti-avoidance Tax" set to mitigate this. How does that act accomplish this and what are the implications to US companies with foreign operations?