U.S. tax act could lead to repatriation of 2-trln-USD overseas investment: UNCTAD

Photo taken on Feb. 5, 2018 shows a press conference on the issue of the UN Conference on Trade and Development (UNCTAD) Global Investment Trends Monitor in Geneva, Switzerland. The recently-passed U.S. tax cuts law will significantly affect global foreign direct investment (FDI) patterns, the UN Conference on Trade and Development said Monday. The Tax Cuts and Jobs Act will impact multinational enterprises and foreign affiliates, accounting for almost 50 percent of global FDI stock, according to a special issue of the UNCTAD Global Investment Trends Monitor. (Xinhua/Xu Jinquan)