WTVJ On The Money January 31, 2016
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 their tax bill, in part because the u. S. Corporate income tax is 39 , among the highest in t`e world. Although with the deductions and loopholes few companies actually pay the full rate. Using a technique called inversion they can reincorporate in another country and pay the rate on the income it earns there. The largest deal announced last y...