... of Iowa, Tippie College of Business, Accounting Department, Iowa City, IA, USA. Editor’s note: Accepted by Sean T. McGuire, under the Senior Editorship of Ryan J. Wilson. 01 12 2021 27 10 2023 31 01 2024 2025 TCJA Tax Cuts and Jobs Act repatriation tax...

...), and the AJCA lowered the cost of accessing internal equity through reduced repatriation tax rates, we hypothesize and find that on average, the AJCA led to increased firm spending on R&D. Our results bridge the gap between prior empirical results that do not show an average effect of increased domestic...

..., John Masselli, and Peter Westfall for assistance on the first drafts. Alex Borodkin provided invaluable help with data collection. December 2012 August 2013 2014 American Jobs Creation Act repatriation tax tax holiday permanently reinvested foreign earnings financial...

...Susan M. Albring; Lillian F. Mills; Kaye J. Newberry ABSTRACT We examine whether U.S. multinationals' private and public debt constraints influence their responses to a temporary reduction in repatriation taxes (tax holiday). Using a sample of 421 U.S. multinationals with permanently reinvested...