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

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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.

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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!

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