Overall, CFO confidence levels in 2016 are similar to 2014, but concerns about the future have risen. The United States is the “top location for growth and new investment” in the next five years for 20 percent of CFOs, up from 13 percent in 2014. However, this looks to be due, in part, to weakening elsewhere. While 33 percent of CFOs chose China as the top destination, its level has fallen from 49 percent in 2014. The percentage of CFOs who expect the U.S.
Foreign direct investment in the United States, known as FDIUS, totaled $2.9 trillion through 2014 on a historical-cost basis. Each year foreign firms make new investments in the United States, which benefit the American economy in numerous ways. They build new factories, grow their well-established U.S. operations, fund research and development, and employ millions of Americans in well-paying jobs.
Financial Executives International
Information Technology Industry Council
National Association of Manufacturers
National Foreign Trade Council
Organization for International Investment
Software Finance & Tax Executives Council
Trans-Atlantic Business Council
U.S. Chamber of Commerce
United States Council for International Business
January 27, 2016
Making America the best place in the world to invest and create jobs should be the goal of corporate tax policy. Failure to modernize our system for the 21st century has hurt America’s competitiveness. As congressional leaders look for ways to update our system, it is imperative that they recognize how taxing growth by adding further restrictions on interest expense will lead to fewer U.S. jobs, lower wages, and decreased GDP – the antithesis of what these leaders and millions of their constituents desire. Read more HERE
U.S. affiliates of foreign companies boost domestic exports by shipping finished goods from their U.S. facilities back to their parent companies. Sometimes they use the United States as part of their global supply chain, allowing them to sell to customers around the world. These exports increase demand for raw materials and other inputs, providing another positive lift to the U.S. economy. Foreign companies in the United States typically account for about one-fifth of total U.S. merchandise exports.
Read more HERE