Tax Reform ‘Vastly Improves’ US Competitiveness
OFII issued the following statement after final passage of the Tax Cuts and Jobs Act.
WASHINGTON - Nancy McLernon, president and CEO of the Organization for International Investment, today issued the following statement in support of the newly released tax reform plan in Missouri:
“In today’s global economy, states like Missouri compete not only against other states for business and jobs, but also against other countries. Foreign direct investment is a significant driver of Missouri’s economy. More than 110,000 Missourians work for a U.S. subsidiary of an international company. The proposed tax plan makes Missouri more competitive for international companies to grow and create jobs because it lowers the state’s corporate tax rate while ensuring non-discriminatory treatment for all employers.”
About OFII
Created more than 25 years ago, the Organization for International Investment (OFII) is a non-profit business association in Washington, D.C. representing the U.S. operations of many of the world's leading global companies, which insource millions of American jobs. OFII works to ensure the United States remains the top location for global investment. As such, OFII advocates for fair, non-discriminatory treatment of foreign-based companies and promotes policies that will encourage them to establish U.S. operations, increase American employment, and boost U.S. economic growth.
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