Michael Mandel, PPI’s chief economic strategist, was quoted by the Telegraph in an article on U.S. companies moving their headquarters overseas to avoid American taxes. Last week, the White House introduced new measures intended to make so-called” tax inversion” more difficult:
However, another school of thought claims American companies will continue moving their headquarters overseas – only with the foreign firms calling the shots.
“The legislation encourages activist investors and foreign companies to work together to make takeover bids for US multinationals with large amounts of cash outside the country,” says Michael Mandel, chief economist at the Progressive Policy Institute. “No company, no matter how large, would be safe.
Read more on Telegraph.co.uk
