Will Tax Inversions Sink The U.S. Economy?:
"In a nutshell, here’s how a corporate tax inversion works:
Step I: A U.S. multinational company purchases a company in a tax-friendly country.
Step II: The two companies merge into one company.
Step III: The new company renounces its U.S. citizenship.
Step IV: The new company declares the new country as its domicile."
'via Blog this'
