Final answer:
The statement is true. After the Tax Cuts and Jobs Act (TCJA), U.S. companies are more likely to bring home foreign profits due to the new flat tax rate.
Step-by-step explanation:
The statement is true. After the Tax Cuts and Jobs Act (TCJA) was enacted in 2017, U.S. companies are more likely to bring home foreign profits due to the new flat tax rate.
Prior to TCJA, U.S. companies were subject to a higher tax rate when bringing foreign profits back to the U.S., which incentivized them to keep those profits overseas. However, the TCJA implemented a flat tax rate on foreign profits, making it more attractive for companies to repatriate those profits.