N. Gregory Mankiw, chairman of the President's Council of Economic Advisers, and experts discuss issues of tax policy and global business activity.

Rising foreign direct investment, U.S. manufacturing job losses, and cross-border outsourcing arrangements have focused attention on how U.S. tax rules influence decisions by multinational companies to create jobs in the United States and abroad. The recent presidential election campaign included proposals to alter significantly U.S. taxation of income earned by...