Tag Archives: Corporate inversion

Billionaire Eugene Melnyk: I’m a ‘whistleblower’ on tax allegations against Valeant

 

This is just one more example of how U.S. tax law makes it difficult for U.S. corporations to compete in a global world. There is no other country in the world that penalizes its own citizens and corporations simply because they are U.S.
Imagine if the Canadian government gave preferential treatment to non-Canadian citizens and corporations.
The U.S. believes it can both have the highest corporate tax rates in the world and expect corporations/people to want to remain Americans. This is delusional.

The “inversion” issue is about whether the U.S. can tax income of other countries NOT patriotism!

Through “inversions” U.S. companies are unilaterally rejecting U.S. citizenship based taxation and embracing the world standard of “territorial taxation”

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