CSPAN2 Key Capitol Hill Hearings May 13, 2014
It ranks in the top 200 of Global Companies by revenue, according to the fortune global 500 list. It would be a great loss to our country to see it incorporated offshore. Still, its difficult to blame them for this decision. According to sources, a desire to escape the high u. S. Corporate tax is part of the motivation for this merger. This type of transaction where a u. S. Corporation merges with a foreign entity and incorporates elsewhere to escape the u. S. Tax net is sometimes referred to as an inversion. Inversions are a growing problem here in the United States. Indeed, Large Companies a...