Nevada's Senate Revenue & Economic Development Committee voted 4-3 this afternoon to approve S.B. 252, the Governor's proposed BLF gross receipts tax. The tax would impose a sliding tax scale of 67 revenue ranges for...
- Taxes and Foreign Acquisitions in the United States
Taxes and Foreign Acquisitions in the United States
Special Academic Report
Executive Summary We test the hypothesis that the Tax Reform Act of 1986 (TRA 86) induced acquisitions of U.S. companies by foreign investors from worldwide tax jurisdictions, principally the United Kingdom and Japan. We find that tax advantages realized post-acquisition by U.K. and Japanese investors are very small relative to the size of the acquisitions. Thus, we conclude that TRA 86 did not significantly enhance the competitive advantage of foreign firms in the U.S. acquisition market.
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