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How Do Foreign Corporate Tax Rate Reductions Impact U.S. Domestic Manufacturing Firms?

How Do Foreign Corporate Tax Rate Reductions Impact U.S. Domestic Manufacturing Firms?

Summary

Tax International Financial Accounting

The study examines how reductions in corporate tax rates in foreign countries affect U.S. domestic manufacturing firms, focusing on the resulting increase in competition these firms face. It delves into how U.S. firms' market power, investment behaviors, and productivity respond to these tax rate changes.