Watch What I Do, Not What I Say: The Unintended Consequences of the Homeland Investment Act
NBER Working Paper No. 15023
---- Acknowledgements ----
The statistical analysis of firm-level data on U.S. multinational companies was conducted at the Bureau of Economic Analysis, U.S. Department of Commerce under arrangements that maintain legal confidentiality requirements. The views expressed are those of the authors and do not reflect official positions of the U.S. Department of Commerce. We thank Anil Kashyap for inspiration for the title, and Heitor Almeida, Alan Auerbach, Jennifer Blouin, Tom Brennan, Alex Brill, Robin Greenwood, Michelle Hanlon, Jim Hines, David Weisbach, Rohan Williamson, Jeff Wurgler, Bill Zeile, and seminar and conference participants at Harvard, MIT, the NBER, the National Tax Association, Rutgers, and the University of North Carolina Tax Symposium for helpful comments and suggestions. Foley thanks the Division of Research of the Harvard Business School for financial support. First draft: September, 2008. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.