Corporate Tax Changes Will Lead to International Tax Battles by Gary Clyde Hufbauer published by PIIE (2017)
“With its plan to reduce the corporate tax rate and enact temporary expensing of capital outlays, Congress is poised to put US firms on a better competitive footing than many of their rivals based in Europe, Japan, and other advanced countries. But the Republican leadership is taking other steps to deter US firms from moving their operations to low-tax countries or transferring valuable patents, copyrights, and trademarks to such countries. Some of these actions will disrupt global supply chains and are certain to provoke protests and possible retaliation among US trading and investment partners, and possibly even legal action at the World Trade Organization (WTO)…”
