Skip to content

It looks like we may have content for your preferred language. Would you like to view this page in English?

New IRS Crackdown Not Enough To Halt Inversion Deals

The Internal Revenue Service issued a notice on Thursday, November 19th indicating impending rules to crack down on so-called inversion transactions, a deal structure that sees a U.S. corporation merge with a foreign company and relocate its tax residence in a foreign jurisdiction in an effort to trim its U.S. corporate tax burden.
Loeb & Loeb partner John Settineri is quoted on the impact of the latest rules, stating: “While the changes are geared to thwart some of the most abusive inversion structures and post-inversion tax avoidance, they are far from enough to stop inversions altogether.”
Click here to read the article on the Law360 website.