The Effects of Deferral on the US Economy

I wanted to highlight for you some research that Robert Shapiro, the Chair of NDN’s Globalization Initiative, recently conducted on international tax policy. The study examines the economic impacts of limiting the deferral rules that protect U.S. businesses from bearing significantly higher tax burdens on their earnings abroad than their foreign competitors. The paper is entitled: The Economic Benefits of Provisions Allowing U.S. Multinational Companies to Defer U.S. Corporate Tax on their Foreign Earnings And the Costs to the U.S. Economy of Repealing Deferral.