The role of tax policy in attracting foreign direct investment: a case study of the United States of America, China, Singapore.

Foreign direct investment (FDI) is one of the key elements that contribute to promoting economic growth and sustainable development as it represents an effective means to achieve sustainable economic growth and enhance the global competitiveness of countries. Foreign direct investment is the investment of companies or individuals from a particular country in establishing or expanding business projects within another country, including building factories, establishing new companies, or acquiring stakes in existing companies in both developing and developed countries. Tax policy is one of the vital factors in determining the business environment in any country, as it plays a pivotal role in foreign direct investment, as foreign direct investment is one of the main pillars for achieving economic development. It contributes to increasing growth rates, improving the balance of payments, creating jobs, and transferring technology and knowledge. Thus, the adoption of appropriate tax policies can have a significant impact on FDI flows to any country and tax policy includes a set of laws and procedures imposed by the government on income, profits and economic activities. This policy aims to achieve government revenues that help finance public services and infrastructure, as well as achieve economic and social goals such as reducing income inequality and stimulating various economic sectors. However, how these policies are designed and implemented can significantly influence foreign investors' decision to invest in a particular country.