Is Congress Contemplating QE4?
This past Sunday marked the 45th anniversary of the Apollo 11 moon landing, when American astronauts Neil Armstrong and Buzz Aldrin became the first to set foot on the moon. If they had stayed there, what would their tax rate have been?
The number of U.S. corporations seeking a “tax inversion” seems to be soaring to the moon. An inversion is when a U.S. company acquires another based in a country that has a lower corporate tax rate and moves its tax jurisdiction to that country in order to pay a lower corporate tax rate on profits made outside the United States — profits made inside the United States are still taxed normally.