Whitman Expert Sees American Jobs Creation Act as Boon for Repatriation
Whitman School of Management at Syracuse UniversityAs business becomes more globalized, U.S. companies are increasingly earning significant amounts of income in foreign countries. The American Jobs Creation Act provided a temporary reduction in the repatriation tax with the intention of motivating firms to bring monies back to the U.S. for domestic investment. But did the firms that were Congress’ intended targets of the American Jobs Creation Act benefit the most? Recent research by Susan Albring, assistant professor of accounting in the Whitman School of Management, examined whether private and public debt constraints faced by a firm influence the firm’s response to the temporary reduction in repatriation taxes.