New Study Debunks Big Corporations' Argument About Taxes


"U.S.-based multinationals that are pursuing inversion transactions have been quick to wrap themselves in a mantle of simple virtue, forced to take the unpalatable step of inverting into Irish, U.K. or Swiss public companies because their love goes unrequited by a country that cruelly saddles them with both the highest corporate tax rate in the world, and a uniquely punitive worldwide tax base," This argument "is almost entirely fact-free." Edward Kleinbard, a law professor at the University of Southern California, and a former chief of staff for Congress's Joint Committee on Taxation.