Laxi Dictionary

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Definition tax inversion in British English

tax inversion noun

[countable/uncountable] noun
/ˈtæks ɪnˌvɜ:(r)ʃ(ə)n/
1

a way of paying less tax that involves moving the headquarters of a business to a country with lower tax rates than the one where it does most of its business, or an example of this

Synonyms and related words
1099 after tax allowance
2

the practice of moving a company's headquarters to a place where tax is lower while continuing to be mainly active in the country of origin

Example

The regulations to limit corporate tax inversions presented great with fanfare by Treasury Secretary Jack Lew late Monday are so technical and complicated that they make my teeth hurt.

Definition tax inversion in British English