The University of Chicago Undergraduate Law Review (UCULR) is a student-run publication dedicated to the discussion, analysis, interpretation, and evaluation of a variety of legal issues. It aims to provide a better understanding of the law in all of its ambiguities and contradictions in order to reveal how complex compilations of regulatory components can not only serve as reflections of social attitudes towards general ideas of order, agency, consent, power, and choice, but influence the most minute details of everyday life.
FEATURED BLOG POST
Tax Inversion is a recently rekindled offshore profit sheltering strategy that has come under attack by the United States government with accusations of tax evasion and lack of “economic patriotism.” While these cross-border M&A transactions are currently legal under the U.S. Internal Revenue Code, the increase in companies being re-domiciled to lower tax-rate countries points to a bigger issue than tax revenue collection. This more fundamental question concerns whether or not an overhaul of America’s convoluted and loophole-riddled tax code is needed in order to prevent its businesses from leaving its shores. In this post, I attempt to illustrate the current tools being used to combat inversion deals in addition to how this issue may be resolved going forward.