Corporate Inversion Doesn’t Escape All U.S. Tax
A popular recent topic in politics has been “corporate inversion.” By claiming residence elsewhere, corporations are lowering their corporate income tax rates, but may not be escaping U.S. taxes altogether. Corporations with U.S. employees may still liable for payroll taxes, there are industry-specific excise taxes that may be due, and states have their own various taxes, such as Texas’s franchise tax, which may also be imposed.
This blog is for informational purposes only. It is not intended to be and should not be relied upon as legal advice.