“From New York to Silicon Valley, more and more large American corporations are reducing their tax bill by buying a foreign company and effectively renouncing their United States citizenship. Reincorporating in low-tax havens like Bermuda, the Cayman Islands or Ireland — known as ‘inversions’ — has been going on for decades. But as regulation has made the process more onerous over the years, companies can no longer simply open a new office abroad or move to a country where they already do substantial business. Instead, most inversions today are achieved through multibillion-dollar cross-border mergers and acquisitions.”
http://dealbook.nytimes.com/2013/10/08/to-cut-corporate-taxes-a-merger-abroad-and-a-new-home/
Related posts:
After QE failure, BOJ's Kuroda says no plan to ease policy now
Team Trump Will Not Sanction Russian Bonds After All
Czechs unrelated to Chechens, diplomats remark after Boston blast
NSA Spying to Cost US IT Companies $47 Billion Over Three Years
We’re in a worse position than in 2008: Marc Faber
U.S. officers in Israel for military exercise
Google patents software that can intelligently identify any object on the planet
Tax Haven Reputation Plagues Planned EU Bailout of Cyprus
Space cadets gather in D.C. for one-way ticket to Mars
Smugglers use cannon to fire 85 pounds of marijuana into Arizona
Tulsa Area Man Beaten, Left For Dead By OKC Police Officers
Puerto Rico Budget Won’t Include Borrowing, Official Says
Japan seen nominating "deflation basher" as BOJ head
The Rise of Airbnb's Full-Time Landlords
Ron Paul On Foreign Aid: We Should Stop Funding These Nations, You Can't Buy Friendship