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U.S. Tax Reform and Its Implications for Korea

The U.S. economy is on the verge of experiencing the most dramatic tax cut since the 1986 tax reform. The tax reform bill has passed Congress and President Trump has signed it into law, most of which will take effect from the start of 2018. The tax reform will not just impact the domestic economy of the United States. In its current form, it would also have substantial consequences on the global economy. Particularly a reduction in corporate tax rate could increase flows of global investment into the U.S. It could also contribute to stronger dollars, worsening the trade balance for the U.S. with its trading partners including Korea. It could, in turn, induce more protectionism.  

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대외경제정책연구원의 본 공공저작물은 "공공누리 제4유형 : 출처표시 + 상업적 금지 + 변경금지” 조건에 따라 이용할 수 있습니다. 저작권정책 참조

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