Paul Krugman

@paulkrugman ↗

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Last Checked Dec. 8, 2021

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Thu Oct 21 10:49:13 +0000 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

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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

But basically nothing real happened. It was all accounting fictions 5/ — PolitiTweet.org

Posted Oct. 21, 2021