Showing posts with label Zachary Mider. Show all posts
Showing posts with label Zachary Mider. Show all posts

Tuesday, April 21, 2015

How wealthy U.S. companies avoid paying taxes

Article Title: How U.S. companies learned to relocate their official addresses overseas and avoid taxes

Snippet of Article: "...The first corporate “inversion,” as Carroll’s maneuver came to be known, was obscure then and is all but forgotten now. Yet at least 45 companies have followed the lead of Carroll’s client, New Orleans-based construction company McDermott International, and shifted their legal addresses to low-tax foreign nations. Total corporate savings so far: at least $9.8 billion—money that otherwise would have gone to the U.S. government...."

Source: www.bloomberg.com Corporate Inversion, Zachary Mider,