WCPO On The Money January 31, 2016
The u. S. Corporate tax rate is among the worlds highest. In a move to lower the tax bills more firms are making merger deals with Foreign Companies and moving headquarters away from the kriets with a country with a lower tax base. It is called the corps inversion. It is greed or Good Business . Thats our cover story. Wisconsin based Johnson Controls and Tyco International announced a plan to merge with a Company Headquarters in ireland. They say it is not only for tax reasons the move is expected to save 150 million a year. They are part of a trend of businesses moving overseas and lowering t...