Can the trend for tax inversions survive an assault from the US Treasury department? Adam H Rosenzweig, professor of law at Washington University School of Law, assesses the situation.
It has been reported that the head of the US Treasury Jack Lew has called for Congress to crackdown on tax inversions. In a leaked letter Mr Lew called for a new sense of ‘economic patriotism’ and for retroactive legislation to counteract tax inversion deals completed since May 2014.
What broadly is a tax inversion?
Very generally a tax inversion refers to a corporation treated as domestic for US tax purposes (that is a corporation organised under the laws of the US or a state thereof) converting into a foreign corporation for US tax purposes. They are called ‘inversions’ because they are typically accomplished by having the US parent company become a...
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Home >Articles > Tax inversions, BEPS and the US Treasury
Tax inversions, BEPS and the US Treasury
Can the trend for tax inversions survive an assault from the US Treasury department? Adam H Rosenzweig, professor of law at Washington University School of Law, assesses the situation.
It has been reported that the head of the US Treasury Jack Lew has called for Congress to crackdown on tax inversions. In a leaked letter Mr Lew called for a new sense of ‘economic patriotism’ and for retroactive legislation to counteract tax inversion deals completed since May 2014.
What broadly is a tax inversion?
Very generally a tax inversion refers to a corporation treated as domestic for US tax purposes (that is a corporation organised under the laws of the US or a state thereof) converting into a foreign corporation for US tax purposes. They are called ‘inversions’ because they are typically accomplished by having the US parent company become a...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
