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Don't Expect Tax Inversion Fever to Break Anytime Soon

Gregg Greenberg
7/22/14 2:38 PM EDT
The stream of companies undergoing inversions will continue until the U.S. moves to territorial taxation coupled with a lower U.S. corporate tax rate, said Tim Larson, Partner-in-Charge of Tax & Business Services at Marcum. Larson said he does not expect Congress to take such a large step anytime soon so companies, especially in the pharmaceutical sector, will continue to try and redomecile abroad. Larson said tax inversion is not a new strategy for companies seeking a competitive advantage because it was prevalent in the energy sector 20-30 years ago. Finally, Larson said he expects technology companies to follow the path of pharma firms because they have fewer tangible assets abroad, but lots of cash.
Stock quotes in this video: ABBV, PFE, SHPG, WAG, MYL

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