“We will get some revenue by shrinking the use of tax havens, especially for intangibles, and we will get the benefit of multinationals locating any start-ups in the U.S.,” said Steven Rosenthal, a senior fellow at the Urban Institute. “But I don’t think we’ll see the end of factories and jobs leaving America. To the extent that’s done now, it’s more because of other factors such as technology and wages. It’s not done for tax rules.”

Source: Washington Post May 31, 2021 12:00 UTC