Prof. Vaaler Interviewed on MPR About International Business Implications of Trump's Tax Policy Proposals

Professor Paul M. Vaaler, John and Bruce Mooty Chair in Law & Business, was interviewed by Minnesota Public Radio's Cathy Wurzer for the MPR Morning Edition show about the international business implications of the Trump administration's tax policy proposals announced this week.  Vaaler commented on the likelihood that reduction in the U.S. federal corporate income tax from 35% to 15% would encourage many Minnesota-based multinational corporations (MNCs) to repatriate "trapped" profits abroad or reincorporate in the U.S. after moving abroad through merger and "tax inversion" strategies. If reduced to 15%, this change in U.S. federal corporate tax rate would likely trigger counter-reductions in the corporate tax rates of many European countries where Minnesota MNC profits are trapped and or MNC headquarters are now located for tax purposes. A corporate tax "war" between the U.S. and Europe might see little change in international business transaction and location trends for most Minnesota-based MNCs.