BRENT GLOVER, OLIVER LEVINE: The Cost of Keeping Companies in the United States

New York Times – How should we stop corporations from leaving the United States, as both presidential candidates have vowed to do? After Pfizer announced this year that it wanted to merge with the Ireland-based Allergan in a maneuver known as a corporate inversion, the Obama administration put in new tax rules that effectively scuttled the deal.

President Obama characterized inversions as a way American companies to “get out of paying their fair share of taxes here at home.” Last month, the Chamber of Commerce sued to block the new rules, saying that the administration “simply rewrote the law unilaterally.”

FULL ARTICLE