JAMIE DIMON: The $1 trillion that tax reform adds to the deficit is not a material number

In his letter, Dimon pointed to a recent study from EY that found that if there were a 20% corporate tax rate between 2004 and 2016, U.S. companies would have acquired $1.2 trillion in cross-border assets between instead selling $510 billion in such assets to foreign companies. In other words, more ...

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