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> That means that there won't be any more hordes of overseas profits. And means the end of those tax inversions or corporate inversions you have been hearing ab

> That means that there won't be any more hordes of overseas profits. And means the end of those tax inversions or corporate inversions you have been hearing about. [1] This won't stop companies selling their IP to overseas shells and then paying royalties.

sjg007 9y ago
The IRS really does not like that. I believe it's in litigation. Still if a citizen is subject to a tax on the difference between foreign taxes paid and US taxes owed, a corporation should be as well.
- Y_Y 9y ago
  The converse is also true.