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Loeb & Loeb partner John Settineri is quoted in a recent Law360 article regarding tax inversions. Pharmaceutical giant Pfizer’s potential cross-border deal with Irish drugmaker Allergan PLC has reignited the discussion of inversions roughly a year after rules surrounding the tax-motivated deal structure was tightened. According to John, “The rules took aim at loopholes like the so-called hopscotch loans, used to access offshore cash while avoiding U.S. taxes, but they did not touch on a practice known as earnings stripping.”
Click here to read the article on the Law360 website.