Date of Award

Spring 5-22-2016

Document Type

Undergraduate Honors Thesis

Degree Name

Bachelor of Accountancy

Department

Accountancy

Advisor

Thomas Dalton

Abstract

The purpose of this report is to give a brief overview of corporate tax inversions and how policymakers are attempting to curb these efforts. The U.S. Treasury is starting to feel the effects of these inversions through decreased tax revenue as they have become more common for U.S. corporations. It is important for businesspersons to analyze this argument from both sides in order to better serve their clients. Corporations feel that an inversion is necessary in order to save money in taxes and maintain competitiveness in the global market. The government insists that corporations are taking advantage of business resources in the U.S. without paying a fair share of taxes. The data in this report was obtained through online tax research platforms, such at CCH Intelliconnect and Thomson Reuters Checkpoint. Much of the information comes from the U.S. Department of the Treasury, in the form of Internal Revenue Code and Internal Revenue Bulletins. This information has been analyzed to help corporations better prepare for new laws and regulations that expect to be released soon. Based on the data gathered, the results indicate that it will take time for the U.S. to be able to stop these inversions completely. The United States has one of the highest corporate tax rates in the world, and inversions will not stop happening until this is changed. The implications of this research shows that the government still has a long way to go in revising the corporate tax code.

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