Search results
Results from the WOW.Com Content Network
A tax inversion or corporate tax inversion is a form of tax avoidance where a corporation restructures so that the current parent is replaced by a foreign parent, and the original parent company becomes a subsidiary of the foreign parent, thus moving its tax residence to the foreign country. Executives and operational headquarters can stay in ...
Inverted totalitarianism reverses things. It is all politics all of the time but politics largely untempered by the political. Party squabbles are occasionally on public display, and there is a frantic and continuous politics among factions of the party, interest groups, competing corporate powers, and rival media concerns.
Hines, and others, had previously quoted the example of the U.K., who transitioned from a "worldwide" system to a "territorial" system in 2009–2012, which led to a reversal of many UK inversions to Ireland, [143] [144] [147] and turned the U.K. into one of the leading destinations for U.S. corporate tax inversions (although Ireland is still ...
By JOSH LEDERMAN and JIM KUHNHENN WASHINGTON (AP) - The Obama administration cracked down Monday on certain overseas corporate mergers and acquisitions, aiming to curb American companies from ...
[3] [5] However, companies structure these reorganization so as to, from an economic perspective, move cash from foreign subsidiaries into the United States while financing a corporate acquisition, thereby avoiding the tax on repatriated profits that they would ordinarily have to pay if a company were to directly repatriate the profits.
U.S. corporate effective tax rates have fallen significantly since the year 2000. Some large U.S. corporations have used a strategy called tax inversion to change their headquarters to a non-U.S. country to reduce their tax liability. About 46 companies have reincorporated in low-tax countries since 1982, including 15 since 2012.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
However, the U.S. lost further control when corporate havens such as Ireland, developed "closed-loop" IP-based BEPS systems, like the capital allowances for intangibles tool, which by-pass U.S. anti-Corporate tax inversion controls, to enable any U.S. firm (even IP-light firms) create a synthetic corporate tax inversion (and achieve 0-3% Irish ...