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Consider what you know about global tax strategies and capitalbudgeting (NPV) analysis. The current U.S. marginal corporate taxrate is 35%. This has provided an incentive to U.S.-based firms tocreate profit (therefore jobs) outside the United States (in lowtax regimes) and leave it outside the United States.Many in Congress are currently advocating a one-time,repatriation tax of 5% in order to create jobs. (i.e. any profitsheld outside the United States may be returned to United States andtaxed at only 5%, rather than 35%. This would be a one-time event,the underlying tax law and rates would not be changed). Would therepatriation tax be likely – or unlikely – to have the desiredeffect of creating jobs in United States. Why or whynot?