News

House tax proposal could make a lot of foreign companies start buying up US firms

by Leslie Picker | Apr 13, 2017   ()

A lot of U.S. companies may find themselves with new suitors if Congress gets its way.

In recent years, many U.S. corporations have tried to slash their tax bill by shedding their American citizenship and acquiring foreign companies. The tactic, known as "inversion," has caught the ire of Washington, which has sought creative ways to stop inversions for years, with limited success.

But tax reform now being debated in D.C. may create an opposite situation, giving foreign companies incentive to buy up U.S. firms, according to tax experts and mergers and acquisitions advisors.

 

Instead of an inversion, it would be a "reversion."

Read More

Source: CNBC
Source: CNBC

News Archive