Tough Corporate Tax Outlook Fueling 'Inversion' Deals

Law360, New York (March 13, 2014, 7:12 PM EDT) -- A sharp uptick in cross-border dealmaking has given rise to the "inversion" deal structure, which allows corporations to effectively trade in their U.S. citizenship for lower tax rates overseas, and experts predict companies will pursue more transactions structured that way as the U.S. corporate tax climate threatens to grow harsher.

This week, Chiquita Brands International Inc. became the latest U.S. firm to join the trend, moving overseas in a merger with Irish rival Fyffes PLC. In addition to forming an industry powerhouse with $4.6 billion in annual...
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