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Eversheds comment: Curtailing US inversion activity could have a detrimental impact in Europe

Eversheds comment: Curtailing US inversion activity could have a detrimental impact in Europe

  • Global
  • United Kingdom

    20-11-2015

    Commenting on news that the US is strengthening efforts to discourage corporate inversions, Ben Jones, partner and tax expert at law firm Eversheds, says:

    "Corporate inversion by US-based businesses has driven significant M&A activity, with some of the most high profile and substantial recent takeovers and mergers delivering inversion tax benefits. However, while potentially detrimental to the US, these transactions have also created better, more efficient businesses, delivered value to shareholders and increased business and economic activity in Europe. As such, the steps being taken in the US to curtail inversion activity could well have a detrimental impact for businesses and investors way beyond North America."

     

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