Following objections raised by shareholders, including a shareholder proposal by a LIUNA-affiliated pension fund calling for a policy that bars inversions,
Companies which "invert" maintain the benefits of being based in the U.S., while slashing the amount of corporate taxes they pay. The scheme is estimated to cost the U.S. economy
Incorporation outside the U.S. could make it more difficult for shareholders to hold a company, its officers and directors legally accountable in the event of wrongdoing. Many jurisdictions outside of
In addition, reincorporation outside the U.S. carries the risk of removal from the S&P 500 and other stock indices which can affect a company's stock price.
LIUNA-affiliated funds have been active since 2005 in overseas incorporation issues involving U.S. companies and are concerned about the long-term value of investments.
TNS 24HariCha-140807-30FurigayJane-4822354 30FurigayJane
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