Competing for Companies?: A Jurisdictional Analysis of Multinational Corporation Tax

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Authors
Czerniawski, James
Issue Date
2016
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en_US
Keywords
Corporations , Taxation--United States , Corporation law , Incorporation--United States
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Abstract
The purpose of this research is to look into why many American Fortune 500 corporations are partaking in corporate tax inversion, which is the relocation of a corporation's legal domicile to a lower-taxation, or corporate haven, usually while retaining its material operations in its higher-tax country of origin. The topics we explore are examples of similar behavior in early American history: which shows that this kind of behavior is not something that is new. The consumer voter theory model and voting with one's feet show how while corporations and individuals may be very different at face value, they both share certain intrinsic values which will make them behave similarly in situations. We will use specific case studies in which we look at certain Fortune 500 companies and what they have done in response to the taxes in the United States. We look at smaller companies which fall lower on the list as well as conglomerate corporations ranking at the or towards the top. This allows us to demonstrate that it is not just one kind of corporation in particular that is engaging in these kinds of practices. We are finding that these corporations feel that they are paying too high of taxes to be domiciled in the United States, attributing to so many of them deciding to re-incorporate to many European countries such as Ireland and Great Britain in particular. We hope to see additional reasons that would attribute towards these companies deciding to go down this particular course of action and offer policy suggestion to address what has become a serious issue in the United States in recent years.
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