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You can't just pick up your company and move it from one country to another, especially when you're the size of Lumileds. The process for changing domicile is c
by culturestate 11y ago
You can't just pick up your company and move it from one country to another, especially when you're the size of Lumileds. The process for changing domicile is called inversion, and to make it work the U.S. corporation must either be acquired by or merge with a foreign corporation -- and that transaction would, again, be subject to review by CFIUS.
Market access is a big carrot, yes, but it's not the stick in this case.
- DrScump 11y ago<You can't just pick up your company and move it from one country to another> This has happened several newsworthy times in the past few years via the "inversion" mechanism, e.g. Medtronic, Pfizer, Applied Materials...
- progressive_dad 11y agoWhat's stopping this becoming a new business model for SeaLand? Registering corporations as international entities undercutting the most favorable combinations of incentives from all current countries?
- culturestate 11y agoSeaLand isn't recognized by any nation, and corporations can't operate as stateless entities.