Sunday, July 27, 2014

Mark Cuban On Tax Inversions

Corporate (Tax) Inversion Definition From Investopedia:

"Re-incorporating a company overseas in order to reduce the tax burden on income earned abroad. Corporate inversion as a strategy is used by companies that receive a significant portion of their income from foreign sources, since that income is taxed both abroad and in the country of incorporation. Companies undertaking this strategy are likely to select a country that has lower tax rates and less stringent corporate governance requirements."


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