CHARLESTON, S.C.—A reduction in federal corporate tax rates could benefit foreign direct investment (FDI) in the US.
Womble Bond Dickinson economic development lawyer Stephanie Yarbrough discussed the implications of the recent tax law overhaul with FDI Intelligence. The new law reduces the US corporate tax rate from 35 percent to 21 percent, and Yarbrough said that could have a major impact on foreign direct investment.
For example, Yarbrough said the change in tax rates “could prove to be a tipping point when compared with Mexico’s corporate rate of 30 percent” when a company is choosing to expand in either Mexico or the US.
In her practice, Yarbrough frequently works with growing global companies. She has worked with Asian and European corporations to establish manufacturing operations in the Southeastern US.
FDI Intelligence is a specialist division of The Financial Times providing industry-leading insight and analysis on cross-border expansion, greenfield inward investment and foreign direct investment trends.
Click here to read “How Will Trump’s Tax Attack Impact Global FDI?” in FDI Intelligence.
Stephanie Yarbrough has played a role in many of South Carolina’s largest economic development deals of the past 20 years. She works closely with companies seeking to expand or relocate operations to the Carolinas and the Southeastern United States. Her efforts on behalf of clients have led to the creation of thousands of new jobs and billions of dollars in new investments. When the New York Times profiled Charleston’s economic boom in 2017, Yarbrough was one of the local leaders the Times turned to for insight.