A Broader View of Corporate Inversions: The Interplay of Tax, Corporate and Economic Implications
Multinational corporations have, in substantial numbers, moved their corporate residence from the U.S. to Bermuda, for the purpuse of minimizing U.S. taxation on their worldwide income. This study reviews the forms of these "corporate inversion transactions," and explores their tax implications, as well as their corporate governance implications and motivations. It is the first scholarly study to examine the corporate governance implications of inversions, and it concludes that previously unexplored aspects of the change of corporate domicile result in substantial reduction of accountability of directors and officers and significant impediments to enforcement of shareholder rights.
Business Organizations Law | International Law | International Trade Law | Taxation-Federal | Taxation-Transnational
Date of this Version
Orsolya Kun, "A Broader View of Corporate Inversions: The Interplay of Tax, Corporate and Economic Implications" (September 26, 2003). bepress Legal Series. bepress Legal Series.Working Paper 78.