{"id":48870,"date":"2015-03-16T15:15:15","date_gmt":"2015-03-16T15:15:15","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/ft_us_admon-_tax_inversion_crackdown_has_the_opposite_effect_of_its_intent\/"},"modified":"2015-03-16T15:15:15","modified_gmt":"2015-03-16T15:15:15","slug":"ft_us_admon-_tax_inversion_crackdown_has_the_opposite_effect_of_its_intent","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=48870","title":{"rendered":"(FT) US admin. Tax inversion Crackdown has the opposite effect of its intent"},"content":{"rendered":"<p>A crackdown by the Obama administration on \u201ctax inversion\u201d\u009d deals, which allowed US companies to slash their tax bills, has had the perverse effect of prompting a sharp increase in foreign takeovers of American groups.<\/p>\n<p>In September the US Treasury all but stamped out tax inversions, which enabled a US company to pay less tax by acquiring a rival from a jurisdiction with a lower corporate tax rate, such as Ireland or the UK, and moving the combined group\u2019s domicile to that country.<\/p>\n<p>The move was designed to staunch an exodus of US companies and an erosion in tax revenues, but it has left many US groups vulnerable to foreign takeovers. Once a cross-border deal is complete, the combined company can generate big savings by adopting the overseas acquirer\u2019s lower tax rate.<\/p>\n<p><a href=\"http:\/\/www.ft.com\/intl\/cms\/s\/0\/e1ba6eb0-ca5c-11e4-b8ff-00144feab7de.html?siteedition=intl#axzz3UXV9pA7a\">Read it all<\/a>.<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A crackdown by the Obama administration on \u201ctax inversion\u201d\u009d deals, which allowed US companies to slash their tax bills, has had the perverse effect of prompting a sharp increase in foreign takeovers of American groups. In September the US Treasury<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=48870\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,589,149,168,144,114,151,587,584,34],"tags":[],"class_list":["post-48870","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-corporationscorporate-life","category-economy","category-ethics-moral-theology","category-foreign-relations","category-law-legal-issues","category-politics-in-general","category-taxes","category-the-u-s-government","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/48870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48870"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/48870\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}