Definition of Tax inversion:
· The relocation of a companys corporate headquarters to a different country with lower taxes. While the headquarters is relocated, the majority of the companys operationstypically remain in the higher-tax country of origin. U.S. corporations are more likely to relocate due to high U.S. income taxes. This relocation can also been seen as an act of tax avoidance. .
How to use Tax inversion in a sentence?
- In hopes of reducing the overall tax bill, the U.S. corporation moved its corporate headquarters to the United Kingdom, thus committing tax inversion .
Meaning of Tax inversion & Tax inversion Definition