Corporate Inversion Relocation

May 6, 2014 by · Leave a Comment 

Leave it to the corporatist tax attorneys, re-incorporating a company overseas in order to reduce the tax burden on income earned abroad, by having a foreign company buy its current operations. The foreign company then owns assets, and the old incorporation dissolves, so goes the strategy of corporate inversion relocation. This Corporate Tax Shell Game, practiced with keen enthusiasm by world-class tax evaders and administered through their legions of CPA accountants, all rely upon a tax code designed to drive business overseas. Professor Kenneth P. Thomas cites the latest trend.

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