Tax reform isn't the foreign cash magnet that was promised — yet
Uncertainty about the future of the 2017 tax cuts and the business environment in general has foreign companies taking a wait-and-see approach to expanding operations in the U.S. Read more at The Hill.
Despite the current U.S. administration’s hopes, foreign corporations thinking about launching or expanding operations in America are neither speeding up nor slowing down their plans because of the Tax Cuts and Jobs Act (TCJA), signed into law late in 2017.
Just as many U.S. multinationals are still trying to unravel the ins and outs of the complex tax reform package, foreign companies are doing the same. As a result, they’re taking a wait-and-see attitude.
