Endo's Message To The IRS: "F#ck You"
Endo Health Solutions just announced a big acquisition. The company’s rationale is to take advantage of a stunning tax loop hole.
First a little background. Warning: this is a little dry and technical, so if you want, you can skip the background (I indicated below where that ends).
—–background begins———–
The US federal corporate tax rate is 35%. There are a handful of countries around the world where taxes are much lower (most notably Ireland, Singapore, and Switzerland). Ireland, for example, has a tax rate of 12.5%. Who wouldn’t want a lower tax rate? Just pack up and move to Ireland, right?
more there:
https://www.zerohedge.com/news/2013-11-07/guest-post-endos-message-irs-fck-you