When a corporation moves its headquarters to a low-tax nation or corporate haven while retaining its material operations in its higher-tax country of origin, this is termed to be a corporate inversion.
Corporate inversion is a form of tax avoidance.
- McDermott International to Panama, 1982
- Helen of Troy to Bermuda, 1994
- Tyco International to Bermuda, 1997
- Fruit of the Loom to the Cayman Islands, 1998
- Ingersoll Rand to Bermuda, 2001
- Ensco plc to the United Kingdom, 2009
- Actavis to Ireland, 2013
- Chiquita to Ireland, 2014 (pending)
- Abbvie to Ireland, 2014 (pending)
- Medtronic to Ireland, 2014 (pending)
- Walgreens to Switzerland, 2014 (pending)
- Corporate Inversion
- Subcommittee on Select Revenue Measures of the House Committee on Ways and Means (June 25, 2002). Statement of the Hon. Richard Blumenthal, Attorney General, Connecticut Attorney General's Office, Hearing on Corporate Inversions. Retrieved September 5, 2004.
- Corporate Inversions
- Corporate inversion transactions: Tax policy implications
- Drawing lines around Corporate Inversion
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