Corporate Inversions

1. In last decade, 47 corporations have moved their address overseas to pay less U.S. taxes
A Spike in Corporate Inversions
*
*
*
*
*
*
*
AOE
Corporation
Alkermes
DutchCo
Stratasys
TE Connectivity
Mallinckrodt
Pharmaceuticals
TIMELINE
1983
•McDermott International
Source :
CongressionalResearchService
* Representscompaniesthatinvertedbetween2009and2014.
•Helen ofTroy
&
•SantaFeInt’l
1999
•White Mountain Ins.
•Transocean
•PXRE Group
•Trenwick
•Xoma
•Everest Reinsurance
•Applied Power
•R&BFalcon
2001
•Global Santa Fe Corp.
•Foster Wheeler,
•Accenture
•Global Marine
•Noble Corp.
•Cooper Industries
•Weatherford Int’l
•Ingersoll-Rand
•PWC Consulting Ltd.
2012
1994 1996 1997 1998 2000
2005
2009
2013
2010
2008
2002
2007
•Star Maritime Acquisition Group
•Fluid Media Network
•Western Goldfields
•Lincoln Gold
•Arcade Acquisition Grp
•Energy Infrastructure
•Ascend Acquisition
•Acquisition Grp.
•Foster Wheeler
•Patch Int’l Inc
•Tyco Electric
•Hungarian Telephone & Cable Corp.
•2020ChinaCapAcquisition
•InterAmericaAcquisition
•Ideation Acquisition Grp.
•VantageEnergyServices
• Alyst Acquisition Grp.
•Alpha Security
•ENSCO Int’l
•Plastinum Polymer Tech Corp.
•Valient/Biovail
2011
•Alkermes, Inc
•Pentair
•Rowan Companies
•AON
•Tronox Inc
•Argonaut
•Jazz Pharmaceuticals /
Azur Pharma
•D.E. Master Blenders
•Eaton/Cooper
•Cadence Pharmaceuticals
•Actavis / Warner •Chilcott
•Endo Health Solutions
•Liberty Global PLC
2014
2004
•GoldReserve
•Playstar
29
In the last
decade
Legislationtotightenrulesto
limitinversionswouldsave
taxpayersnearly$20billion
overtenyears.
47
In 20 years