Tax on profits held abroad could be worth 1.5% of GDP

The funds raised by President Obama’s proposals to tax foreign earnings could, in theory, provide a 1.5% boost to GDP. Despite tax reform being a shared goal of both parties, however, there is no guarantee that the Republican-controlled Congress will support these measures.


Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.