An interesting article this morning over on MSNBC. Feel free to <a href="http://www.msnbc.com/news/918440.asp?0cv=CB10" target="_blank">check it out.</a>
An excerpt:
An excerpt:
Quote:
| “It’s outrageous that we would do business with these folks,” said Rep. Richard Neal, D-Mass., who has introduced legislation to continue taxing companies that move their headquarters overseas. “They are shirking their citizenship.” The process is known as corporate inversion: A company moves its headquarters — sometimes nothing more than a post office box — to a low-tax enclave such as Bermuda or the Cayman Islands while leaving its operations and employees in the United States. <strong> The Senate twice has passed legislation to prevent the new Homeland Security Department from doing business with companies that relocate overseas, but both times the provision was removed from the final bill by House Republican leaders. |
