Inversion Reversions Arrive as Companies Get Smaller Tax Edge From Foreign Addresses

  • 📰 WSJ
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Corporate inversion deals were the hot tax-reducing trend a few years ago. Now, after the 2017 tax law, companies are finding a smaller benefit in foreign addresses.

When Mylan moved its corporate address to the Netherlands in 2015, the pharmaceutical company joined a wave of corporate inversion deals aided by tax advantages of a non-U.S. address.

Now, Mylan’s address is coming back to the U.S. through a merger deal this week with part of Pfizer Inc., a sign that the 2017 tax law is rendering these moves less attractive than they once were.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Sure, but they're downsizing domestically! CVS closing 900 stores! Family Dollar has closed stores, GM transmission plant in Detroit,is closing its doors. So keep touting the fact they're not leaving. It doesn't matter! We're in a downturn!

I now that you know it's too late for your soul. I want to see where you went wrong so that i am not the one to blame for the punishment.

Burning in our beds, oh your soul will cook and i want to see them cooked righteously. No magic tricks or sleight of hand. Too late, huh!

With all that glorious hair curling around the edges

What do you think Richie Rich and Peggy Sue? Should we try something new?

Ain't that a bitch though? Wicked, wicked, wicked!

How hard are you tryin?

Anyways just so you know I talk to the chosen few and we trust eachother but they know im weak so im not tryin very hard dont worry.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Multinational companies are getting clobbered by Trump's tariffsCompanies that generate the majority of revenue overseas have seen a stunning 13.6% drop in profits. Fake news 🤷🏽‍♀️ Great now end the tax loopholes
Source: CNBC - 🏆 12. / 72 Read more »

U.S. Stocks Edge Lower After Fed Cuts RatesU.S. stocks edged lower after the Federal Reserve said it would cut interest rates for the first time in a decade. Good to see what I learnt in fundamental is happening in real life 😂🙏🏻 That's because the money made previously on interest will now be going to the PEOPLE, NOT the Bankers!!! That's not including and the utter and complete loss of his soul and im sure he'll be haunted for life and live in contempt
Source: WSJ - 🏆 98. / 63 Read more »