Biotech Values

[DewDiligence]

Re: Tax inversions/transfer of ex-US profits to US

[US] tax law today views overseas earnings that have not been repatriated as part of the U.S. tax system, regardless of whether a company has inverted. Therefore, those past foreign earnings, if repatriated to the U.S., are still subject to full U.S. taxation.

This feature of the US tax code was noted in #msg-102167822.

The above excerpt is from the op-ed piece in today’s WSJ by ABT’s CEO, Miles White (http://online.wsj.com/articles/miles-d-white-ignoring-the-facts-on-corporate-inversions-1405638376 ).