"U.S.-based multinationals that are pursuing inversion transactions have
been quick to wrap themselves in a mantle of simple virtue, forced to
take the unpalatable step of inverting into Irish, U.K. or Swiss public
companies because their love goes unrequited by a country that cruelly
saddles them with both the highest corporate tax rate in the world, and a
uniquely punitive worldwide tax base," This argument "is almost entirely fact-free." Edward Kleinbard, a law
professor at the University of Southern California, and a former chief
of staff for Congress's Joint Committee on Taxation.
