Inversion Acceleration

BY Roger Bybee | May/June 2016

This article is from Dollars & Sense: Real World Economics, available at

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Matt Gardner, “Johnson Controls Attempts a Snow Job,” Tax Justice Blog, Jan. 26, 2016 (; Citizens for Tax Justice “The Sorry State of Corporate Taxes,” 2014 (; Citizens for Tax Justice, “Offshore Shell Games,” Oct. 5, 2015 (; Jesse Drucker and Zachary R. Mider, “Tax Inversion: How U.S. Companies Buy Tax Breaks,” BloombergView QuickTake, Nov 23, 2015 (; David Cay Johnston, “Corporate Deadbeats: How Companies Get Rich Off Of Taxes,” Newsweek, Sept. 4, 2014 (; Andrew Ross Sorkin, “A Tidal Wave of Corporate Migrants Seeking (Tax) Shelter,” Dealbook, New York Times, Jan. 26, 2016 (; David Cay Johnston, “The Shocking Numbers Behind Corporate Welfare: Boeing and Its Stockholders Fly High on Tax Dollars,” Al Jazeera America, Feb. 25, 2014 (; Kimberly Clausing, “3 Myths About Inversions and U.S. Corporate Taxes,” Fortune, Jan. 30, 2016 (; Carl Icahn, “How to Stop Turning U.S. Corporations Into Tax Exiles,” New York Times, Dec. 14, 2015 (; Allen Sloan, “How to Stop Companies from Deserting America before It’s Too Late,” Fortune, Aug. 11, 2014 (; Thomas Hungerford, “Policy Responses to Corporate Inversions: Close the Barn Door Before the Horse Bolts,” Economic Policy Institute Issue Brief #386, Sept. 8, 2014 (; James Sensenbrenner, “Tax Reform Is Critical For American Economic Prosperity,” Milwaukee Journal Sentinel, Feb. 8, 2016 (; Philip Mattera, “Subsidizing the Corporate One Percent: Subsidy Tracker 2.0 Reveals Big-Business Dominance of State and Local Development Incentives,” Good Jobs First Subsidy Tracker, February 2014 (; Roger Bybee, “Corporate ‘Consensus’ on Offsourcing, Inversions,” Progressive Populist, Nov. 1, 2014 (; Chris Matthews, “Why Washington is Tackling the Tax Inversion Problem All Wrong,” Fortune, Nov. 25, 2015 (; Thomas Content and Cary Spivak, “After getting taxpayers’ help, Johnson Controls packs its bags,” Milwaukee Journal Sentinel, Jan. 30, 2016 (; Stephen Gandel, “You Won’t Believe How Much Johnson Controls’ CEO Is Making on the Tyco Deal,” Fortune, Jan. 25, 2016 (; Roger Bybee, “Manufacturing Revival a Worthy Goal, but Obama’s Timid Plans Won’t Get Job Done,” Working in These Times, Feb. 20, 2012 (; “The Corporate Tax Dodge Continues,” New York Times, Jan. 29, 2016 (; Eileen Applebaum, “No Tax Holiday for Multinational Corporations,” Truthout, June 11, 2011 (; Geoff Colvin, “Tyco-Johnson Controls Gives Us a Window into the Business World’s Hardest Challenge,” Fortune, Jan. 27, 2015 (; Allan Sloan, “Positively Un-American,” Fortune, July 7, 2014 (; Allan Sloan, “Corporate Tax Dodgers Leave the Rest of Us to Foot the Bill,” Washington Post, July 12, 2014 (; “U.S. Polling Shows Strong Opposition to More of the Same U.S. Trade Deals from Independents, Republicans and Democrats Alike,” Public Citizen, July 2015 (; James O’Toole, ”GAO: U.S. corporations pay average effective tax rate of 12.6%,” CNN, July 1, 2013 (; Jesse Drucker and Zachary R. Mider, “Tax Inversion: How U.S. Companies Buy Tax Breaks,” BloombergView, updated Nov. 23, 2015 (; Michael Henigan, “IMF explains ‘Double Irish Dutch Sandwich’ Tax Avoidance,” FinFacts Ireland, Oct. 11, 2013 (; Elizabeth Warren, “Enough Is Enough: The President’s Latest Wall Street Nominee,” Huffington Post, Nov. 19, 2014 (; David Sell, “Here and in New York, CEOs Talk Tax Inversion—or Don’t,” Philadelphia Inquirer, Sept. 3, 2014 (; Cliff Taylor, “Explained: The Up-side Down World of Corporate Tax Inversions,” Irish Times, Nov. 23, 2015 (; Orsolya Kun, “A Broader View of Corporate Inversions: The Interplay of Tax, Corporate and Economic Implications,” Bepress Legal Series, Sept. 26, 2003 (; Americans for Tax Fairness, “Tax Fairness Coalition Sees Poll Results on Corporate Inversions as a Sign that the Issue Will Be Hot this Election Season,” Aug. 5, 2014 (; Citizens for Tax Justice, “Memo to Senate Permanent Subcommittee on Investigations: US Corporations Already Pay a Low Tax Rate,” July 30, 2015 (, Citizens for Tax Justice, “The U.S. Is One of the Least Taxed Developed Countries,” April 2016 (; Robert C. Pozen, “35 Percent Is Way Too High For Corporate Taxes,” Brookings Institution,” Jan. 29, 2016 (; Leslie Picker, “Pfizer And Allergan Advisers Lose Out On $200 Million In Fees,” New York Times Dealbook, April 6, 206; Diana Furchtgott-Roth, “Free Pfizer! Why Inversions are Good for the U.S.,” New York Times, April 7, 2016; Oxfam, “An Economy for the 1%,” Jan. 18, 2016 (

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