Paul Krugman

@paulkrugman ↗

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Last Checked Dec. 7, 2021

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Thu Oct 21 10:46:47 +0000 2021

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Paul Krugman @paulkrugman

On paper, overseas subsidiaries of U.S. corporations were disinvesting and sending funds back to their parent companies via dividends. But there was no real investment surge here 2/ — PolitiTweet.org

Posted Oct. 21, 2021

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Paul Krugman @paulkrugman

For reference: I'm revisiting the 2017 Tax Cut and Jobs Act, which was supposed to induce corporations to bring back the money they had invested overseas. For a few quarters it looked as if something was happening: 1/ https://t.co/TMjRa2wRk3 — PolitiTweet.org

Posted Oct. 21, 2021

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Paul Krugman @paulkrugman

What was really happening was almost surely just a rejiggering of the accounting. A large part of reported US investment abroad is just an accounting fiction, resulting from profit-shifting into tax havens 3/ — PolitiTweet.org

Posted Oct. 21, 2021