April 29, 2025

A Competitive U.S. Tax System Supports Business Investment in America
Zero Major Tax-Related Corporate Inversions
Since 2017 Tax Reform
Prior to the 2017 Tax Cuts and Jobs Act (TCJA), the U.S. corporate tax rate was the highest among developed economies, driving companies overseas in search of more competitive tax environments. TCJA helped level the playing field for American businesses by setting the U.S. corporate rate at 21%. By creating a more globally competitive tax system for American companies, tax reform disincentivized companies from relocating their headquarters abroad while encouraging businesses to invest more at home. 
27
In the five years before tax reform, there were 27 major tax-related corporate inversions.
0
Since 2017 tax reform, the number of major tax-related corporate inversions dropped to zero — a win for the U.S. economy.
Inversions are transactions by which a company, through merger or acquisition with a foreign-owned company, moves its headquarters abroad to lower its tax liability.
Business Roundtable urges Congress to extend and strengthen TCJA.

For more information, visit brt.org/ExtendTCJA. 
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Business Roundtable is an association of more than 200 chief executive officers (CEOs) of America’s leading companies, representing every sector of the U.S. economy. Business Roundtable CEOs lead U.S.-based companies that support one in four American jobs and almost a quarter of U.S. GDP. Through CEO-led policy committees, Business Roundtable members develop and advocate directly for policies to promote a thriving U.S. economy and expanded opportunity for all Americans.

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