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<blockquote data-quote="Babagounj" data-source="post: 2119767" data-attributes="member: 12952"><a href="https://www.washingtonpost.com/news/business/wp/2016/03/21/data-company-ihs-becomes-latest-to-give-up-u-s-citizenship-for-lower-taxes/" target="_blank">https://www.washingtonpost.com/news/business/wp/2016/03/21/data-company-ihs-becomes-latest-to-give-up-u-s-citizenship-for-lower-taxes/</a>Data provider IHS announced a $13 billion merger Monday that would make it the latest U.S. company to move its headquarters overseas, where it would face lower taxes.Colorado-based IHS is merging with the smaller London-based Markit in what is known as an “inversion,” in which U.S. companies are bought by or merge with foreign firms to reduce U.S. corporate tax burdens.The new combined company, IHS Markit, would be based in London and have a corporate tax rate in the low-to-mid-20-percent range. That is far lower than the 35 percent corporate tax rate in the United States .In November, pharmaceutical giant Pfizer announced plans to merge with Botox maker Allergan and move its headquarters to Ireland. That deal is expected to save the firm about $35 billion in taxes.Last month, Johnson Controls announced that it would merge with Tyco and move its headquarters to Cork, Ireland. Johnson Controls said the strategy would save the new company — with a market cap of about $36 billion — about $150 million a year in taxes.</blockquote>

[QUOTE="Babagounj, post: 2119767, member: 12952"] [URL]https://www.washingtonpost.com/news/business/wp/2016/03/21/data-company-ihs-becomes-latest-to-give-up-u-s-citizenship-for-lower-taxes/[/URL] Data provider IHS announced a $13 billion merger Monday that would make it the latest U.S. company to move its headquarters overseas, where it would face lower taxes. Colorado-based IHS is merging with the smaller London-based Markit in what is known as an “inversion,” in which U.S. companies are bought by or merge with foreign firms to reduce U.S. corporate tax burdens. The new combined company, IHS Markit, would be based in London and have a corporate tax rate in the low-to-mid-20-percent range. That is far lower than the 35 percent corporate tax rate in the United States . In November, pharmaceutical giant Pfizer announced plans to merge with Botox maker Allergan and move its headquarters to Ireland. That deal is expected to save the firm about $35 billion in taxes. Last month, Johnson Controls announced that it would merge with Tyco and move its headquarters to Cork, Ireland. Johnson Controls said the strategy would save the new company — with a market cap of about $36 billion — about $150 million a year in taxes. [/QUOTE]

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