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No, it’s a well known maneuver. Was popular in the past few years to reduce taxes. From an Washington Post article: “The idea behind the business maneuver, cal
by appleiigs 8y ago
No, it’s a well known maneuver. Was popular in the past few years to reduce taxes.
From an Washington Post article: “The idea behind the business maneuver, called a corporate inversion, is simple: a U.S. company merges with a foreign one and moves its headquarters abroad, avoiding the high U.S. corporate tax rate of 35 percent on foreign income”.
- tdhoot 8y agoTo be clear, a corporate inversion is generally used to reduce taxes. I believe when you're simply doing it to avoid the IPO process it's just called a backdoor listing.