CSPAN2 Key Capitol Hill Hearings May 20, 2014
Taxpayers. The issue that we seek to address is known technically as corporate inversion. The details of inversion sound complex, but the principle is not. Inversion means avoiding potentially billions of dollars in u. S. Taxes by changing a corporations address for tax purposes to an offshore location. What we have here is a taxable scheme, an enormous loophole that allows companies to avoid billions in taxes without any significant change in where they operate, where their profits are generated, where the location of the executives who manage and control these corporations. A recent prominen...