U.N. Sees U.S. Tax Cut Offering a Limited Boost to Foreign Firms

Mony
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The U.S. tax overhaul may bring trillions of dollars in accumulated profits back home from overseas financial centers, but will likely deliver a smaller boost to U.S. investment by foreign businesses, according to an analysis by the United Nations.

The overhaul included a cut in the rate at which company profits are taxed, a one-time repatriation tax on foreign profits accumulated over the past three decades and measures to encourage technology firms to move their patents and licenses to the U.S.

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