More and more American businesses are snapping up companies in low-tax countries to make that their official home. British companies are in their sights. Simon Wilson reports.
What is tax inversion?
‘Corporate tax inversion’ describes the process of buying or merging with a foreign company in order to shift your tax domicile to a lower-tax jurisdiction. Most often it refers to big American companies shifting their legal home – though not necessarily their top executives or the bulk of their operations – to low-tax countries, such as Ireland, the Netherlands, and now the UK.
The tactic is not [...]
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