Tax changes that disadvantage U.S. companies in foreign markets will only hurt U.S. workers here at home.
U.S. COMPANIES NEED A LEVEL PLAYING FIELD.
U.S. Corporations Compete for Business in a Global Marketplace
- U.S.-based international companies face increasing foreign competition - both in U.S. and foreign markets.
- Forty years ago, 18 of the largest 20 companies in the world were headquartered in the United States.
- Today, only six of the largest 20 non-financial companies and three of the largest 20 financial companies are headquartered in the United States.
- Greater participation in the international marketplace is essential to restoring U.S. economic growth and creating high-wage jobs in the United States.
To Be Successful, American Companies Doing Business Abroad Need to be Near Their Customers
- U.S.-based international companies primarily operate in other high-income countries.
- 79 percent of U.S. foreign-affiliate output comes from high-income countries.
- 90 percent of the products and services produced by the foreign affiliates of worldwide American companies are consumed outside the United States.
U.S.-Based International Companies are, First and Foremost, American Companies
On average:
- 70 percent of their worldwide employment
- 87 percent of their R&D investments
- 74 percent of their global capital investments
...Are located in the United States.
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