Paul Krugman

@paulkrugman ↗

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Last Checked Dec. 7, 2021

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Thu Oct 21 10:48:05 +0000 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

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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

A cut in the US tax rate induced corporations to unwind a bit of that profit-shifting, causing a brief dip in reported investment abroad and a brief surge in repatriated profits. 4/ — PolitiTweet.org

Posted Oct. 21, 2021