The flap over tax inversion — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

The flap over tax inversion

Get PDF file

by on
in Small Business Tax,Small Business Tax Deduction Strategies

The controversy over “tax inversion” continues to brew. This is the process of moving a corporation’s headquarters to a foreign location to avoid higher U.S. corporate tax rates.

According to recent media reports, including items in The Wall Street Journal and Forbes, there have been 22 significant inversions since 2011, mostly in the pharmaceutical industry, and numerous others are in the works. Tax inversion is becoming a hot election issue and preventive measures could become a major plank in future tax reform proposals. Appeals to patriotism are coming from both sides of the aisle.

President Obama has been quoted by The Wall Street Journal as saying,” My attitude is I don’t care if it’s legal, it’s wrong.”

Leave a Comment

 

Previous post:

Next post: