Corporate Inversion Under Obama
Sadly, the Obama administration’s policies have driven more and more industries out of the country. Since 2008, more than two dozen companies have taken advantage of inversion. -Ben Shapiro
And foreign takeovers of US firms—ultimately having the same positive effect on tax avoidance—boomed. In the first nine months of 2015 alone, foreign acquisitions of US companies exceeded $379 billion... -Farrokh Langdana 
President Barack Obama says a loophole that lets companies dodge U.S. taxes by moving their headquarters overseas is unpatriotic. -Associated Press
Democrat, Liberal, Tax, Obama, Financial, Oops, Economy
In 2014, Burger King decided to place its headquarters in Canada by acquiring coffee-and-donut giant, Tim Hortons, to facilitate its inversion by now making it a Canadian company. This move would result in a savings of $117 million in U.S. taxes by never having to pay corporate income tax on foreign profits if and when it decided to bring the money home to the US.
Democrat, Liberal, Tax, Obama, Financial, Oops, Economy
Critics have decried Burger King’s plan to combine with Tim Hortons and relocate its headquarters to Canada from the U.S. as an unpatriotic tax dodge. But last year, Liberty Global, one of Colorado’s largest public companies, made a similar maneuver following its $23 billion acquisition of Virgin Media, a deal twice as large as the one being derided...
Tax inversions occur when U.S. corporations acquire foreign companies and then re-incorporate abroad to save money on taxes, sometimes without shifting any operations or headquarters staff.
“Incorporating as an Irish company provides significant global cash management flexibility and associated financial benefits.”
Democrat, Liberal, Tax, Obama, Financial, Oops, Economy
[Aug 2014]: Chiquita Brands International, the big banana producer, on Thursday rejected an unexpected takeover offer and said it planned to go ahead with its previously announced deal to acquire Fyffes of Ireland... the Chiquita board reiterated its commitment to the Fyffes deal, which will allow the company to reincorporate in Ireland through an inversion, reducing its tax bill and giving it better access to overseas cash.
Democrat, Liberal, Tax, Obama, Financial, Oops, Economy
[Aug 2014]: Pfizer Chief Executive Ian Read has made clear he is still considering big deals to revive his firm's pipeline and cut its tax bill - something buying AstraZeneca would allow it to do via a so-called inversion that would shift its tax base to Britain.
“Under President Obama, the United States has the highest corporate tax rate in the developed world..."
Democrat, Liberal, Tax, Obama, Financial, Oops, Economy
On Tuesday, Burger King announced that it would spend some $11 billion to buy Tim Hortons Inc., a Canadian breakfast food chain, then merge Burger King into it, thereby turning what was once a major American company into a major Canadian one. As the Washington Post reports, Burger King would “move the company’s headquarters to Canada, where corporate taxes are significantly lower.”
Democrat, Liberal, Tax, Election, Government, Obama, Financial, Oops, Economy, Regulation
Treasury Secretary Jack Lew thinks U.S. corporations moving overseas should be ashamed, said Jim Puzzanghera at the Los Angeles Times. In a letter to lawmakers, Lew called for "a new sense of economic patriotism" and urged Congress to enact laws that would stop U.S. companies from reorganizing as foreign firms to avoid paying taxes — a practice known as tax inversion.
Democrat, Liberal, Tax, Election, Government, Obama, Financial, Oops, Economy, Regulation
[Sep 2014]: After a summer in which high-profile companies like Burger King and medical device giant Medtronic drew criticism for restructuring and moving their headquarters overseas to avoid U.S. taxes, the Obama administration is taking action against the controversial tax scheme.
The Treasury Department issued new rules on corporate “inversions” that would limit U.S. multinationals’ ability to access their foreign subsidiaries’ earnings without paying U.S. taxes on them.
Watching U.S. firms skedaddle, President Obama might have thought that perhaps the U.S. should stop taxing earnings generated outside its borders, since almost no one else on the planet does...
Being Barack Obama, the President naturally sought to bar companies from leaving. -WSJ Review & Outlook