US tax reform to unleash butterfly effect on global FDI

Hailed by Republicans as one of the most important pieces of legislation in recent history, the tax reform approved by the Congress of the United States in December is now expected to have a deep impact on global foreign investment. 

The Tax Cuts and Jobs Act sharply increases the tax competitiveness of the United States and sets the ground for billions of dollars in cash held abroad by US corporations to be repatriated, and perhaps even for the reshoring of some of their overseas operations.  The reform is a game-changer, and both investors and policy makers all over the globe are adjusting. 

fDi Magazine’s editor-in-chief Courtney Fingar joins podcast host Jacopo Dettoni to discuss the reform. 

The podcast also features interviews with: 

·      James Zhan, director of investment and enterprise at Unctad; 

·      Philip Wagman, a New York-based partner with global legal firm Clifford Chance;

·      Taimur Baig, chief economist of Singapore-based DBS Bank;

·      Prof. Christophe Spengel of the Centre for European Economic Research (ZEW).