How U.S. Tax Policy Pushes Jobs Overseas

EPISODE OVERVIEW In this episode of The Ripple Effect, Wharton finance professor Daniel Garrett discusses his research on how international tax policy—specifically the “check-the-box” rule and repatriation holidays—impacts U.S. multinational firms and domestic employment. He explains the competing forces of a wealth effect, where firms grow and potentially invest more at home, and a substitution effect, where firms shift operations abroad due to lower foreign tax burdens. Garrett’s findings reveal that the substitution effect often dominates, resulting in reduced domestic investment and employment.

PODCAST OVERVIEW Every day, business scholars answer pressing questions in their research - but what do their insights mean for you? In this podcast, Wharton faculty dive into what inspired their studies and how their findings resonate with the world today. Learn how research insights translate into knowledge you can use, with host Dan Loney.

Learn more at http://whr.tn/rippleeffect.

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