Monday September 28, 2020

Competing offers a bigger threat to tax deals than Congress - study

Nine pending “inversion” deals - including the huge merger of Chiquita with Irish fruit distributor Fyffes - may face a greater threat of being undone by competing offers than by potential action in the US Congress.

23rd September, 2014
Fyffes' proposed merger with Chiquita hangs in the balance.

Nine pending “inversion” deals - including the huge merger of Chiquita with Irish fruit distributor Fyffes - may face a greater threat of being undone by competing offers than by potential action in the US Congress.

The US Treasury Department has proposed steps that will make it harder for US companies to move their addresses outside the country to reduce taxes, clamping down on the practice known as inversions.

But with US lawmakers...

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