What are the consequences of classification as a corporate inversion?
A)The foreign corporation will be treated as if it is a U.S. corporation.
B)Foreign tax credits will be disallowed on all future earnings.
C)The corporation will be subject to a flat 35% tax rate.
D)If more than half of the shareholders of the new company are the same as the former company, the corporation is considered a U.S. corporation.

Question

Quizplus · Accepted Answer

The Answer of What are the consequences of classification as a corporate inversion?
A)The foreign corporation will be treated as if it is a U.S. corporation.
B)Foreign tax credits will be disallowed on all future earnings.
C)The corporation will be subject to a flat 35% tax rate.
D)If more than half of the shareholders of the new company are the same as the former company, the corporation is considered a U.S. corporation.

What Are the Consequences of Classification as a Corporate Inversion