Without the 1997 change in US tax law you cited, many more multinational corporations would have moved their domicile out of the US to escape the high US tax rate on worldwide income. Therefore, I disagree strongly with the premise of your post. Regards, Dew
p.s. Welcome to the board.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”