9min chapter

Macro Hive Conversations With Bilal Hafeez cover image

Ep. 229: Brad Setser on Yen Carry Trade, US-China Trade, and US Profit Offshoring

Macro Hive Conversations With Bilal Hafeez

CHAPTER

Tax Strategies of Multinational Corporations

This chapter explores how American multinationals exploit low-tax jurisdictions to minimize their tax burdens, revealing a glaring disconnect between reported profits and actual market performance. It analyzes the impact of Trump-era tax reforms, highlighting their failure to significantly change the profit offshoring behaviors of the pharmaceutical and technology sectors.

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