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A study from the Tippie College of Business finds companies that lose a tax incentive from a foreign government not only reduce their investment in that country, they do so by a significant amount, an average of $7.6 million.

Zackery foxRyan wilsonJaron wildeTom sneeMartin jacobUniversity of iowa tippie college businessUniversity of iowaBeisheim school of managementUniversity of oregonEuropean unionTippie college of businessTippie collegeSupragovernmental tax enforcementCorporate investmentOtto beisheim school