Major US companies are moving abroad to avoid high corporate taxes. It's called corporate inversion and results in higher profits for shareholders, but a huge loss in tax revenue for the United...
========== The main goal of the vast majority of corporations
is to increase profits year over year. Itâsa large part of how their value is determined
on Wall Street and itâs pretty much thewhole kit-and-caboodle for why corporations
do everything they do. One great way to increaseprofits is to sell more goods. Another great
way is to cut down on costs, which could meanletting people go, or buying cheaper materials,
or paying less in taxes.Corporations love paying less in taxes. One
way to do that is by switching their corporatedomicile to a country with a lower tax rate.
It is called corporate inversion and it iseasy to do. They just merge with a tiny company
oversees, in letâs say Ireland, and theybecome an Irish Company instead of an American
one. And it make...
