Professor Robert Salomon offers insights on how the new tax bill will impact how US corporations do business globally
— December 20, 2017
Excerpt from Bloomberg -- "It certainly will be good for corporate America, I am not sure how much of that will feed through to the broader economy. The theory has always been that if you allow the corporates to bring that stash, that cash that is stashed overseas, back to the United States, that they will invest in capital investment, they will boost economic growth, they will pass that off in increased wages to their employees. But what we have observed in the past is that when companies do bring that cash back from overseas, they generally tend to use it to pay dividends to their shareholders or to engage in share buybacks."