“The strategy these companies are using is known as an inversion. It’s where a US company merges with a foreign company in a jurisdiction with lower taxes and then reincorporates there. Current US law allows for this if the foreign shareholders own at least 20% of the combined company (though some are trying to raise the minimum to 50%).  Now, despite the howls and shrieks from upset politicians and the mainstream media about these companies being ‘unpatriotic’ and ‘un-American,’ they’re doing absolutely nothing illegal. Inversions are totally acceptable within the current rules of the US Tax Code.”

http://www.internationalman.com/articles/corporations-join-droves-renouncing-us-citizenship

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