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US Corporate Tax Rate Deterring Foreign Investment

by Mike Godfrey, Tax-News.com, Washington

26 March 2014


The most significant concern of chief financial officers of foreign-owned companies investing in the United states is the corporate tax rate, according to a survey undertaken by PwC and the Organization for International Investment.

It was found that "foreign corporations are increasingly optimistic about investing into the US, yet many say tax overhaul is needed to lower the corporate rate." 54 percent of the [101 CFOs interviewed] said, out of all the US tax policies that affect their businesses, the tax rate has the most impact.

Joel Walters, US inbound tax services leader at PwC, said that "the US tax rate is very high compared to other economies around the world," while, in the survey, the CFOs pointed out that the US corporate tax rate and transfer pricing rules are two of the most important areas for improvement to increase foreign investment in the US."

4 in 10 insourcing companies said that unfair tax treatment has negatively impacted their US business operations, and more than a quarter have faced discrimination in bidding on government contracts.

There was also strong support for comprehensive trade agreements, including the Transatlantic Trade and Investment Partnership and the Trans-Pacific Partnership. Among insourcing companies that export, nearly 60 percent indicated these trade agreements will make the US more attractive for global investment.

TAGS: tax | investment | business | foreign direct investment (FDI) | trade treaty | corporation tax | agreements | transfer pricing | United States | tax reform | trade | Investment | Invest | Investment

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