Offshore Incorporation

Some firms using tactic to avoid taxes –Treasury

It seems that even US companies are going offshore. It’s just that some are taking it a bit further. The technique used is called, Inversion..

“At issue is the practice of using an “inversion” transaction to replace a U.S.-based parent company with a foreign parent in a low-tax or no-tax country, in order to become foreign-controlled, and then stripping earnings of a U.S. subsidiary by adding excessive debt or other costs to reduce local profits and avoid tax liabilities.”

FLAT TAX FRED

Bjorn Tarras- Whalberg will probably support this presidential candidate. Fred Thompson wants to follow the model used by 20 countries that implemented a flat tax (13% and 20%) system..

General