Welcome to Our Resource Library

Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.

Client Alert

Library

Scarinci Hollenbeck remains committed not only to providing top-tier legal services but also to regularly providing information and resources to our client base and internet following. Client Alerts provided by our attorneys supply businesses, municipalities, and more with the latest and relevant legal updates that may impact them and how they might be able to proceed.

1-7 of 7

Democrats Ask Obama To Act Alone On Inversions

A few key Democratic Senators have asked President Barack Obama to act alone to end the practice of corporate inversions. Sen. Dick Durbin, D-Illinois; Sen. Elizabeth Warren, D-Massachusetts; and Sen. Jack Reed, D-Rhode Island, sent Obama a letter Aug. 5 asking that he pass an executive order to eliminate or reduce the tax breaks companies see by […]

Author: Frank L. Brunetti

August 14, 2014

Mark Cuban Protests Tax Inversions

Billionaire investor and Dallas Mavericks owner Mark Cuban has a message for U.S. multinational corporations considering an inversion. “If I own stock in your company and you move offshore for tax reasons I’m selling your stock,” Cuban said in a series of tweets. “There are enough investment choices out there.” Corporate inversions refer to the […]

Author: Frank L. Brunetti

August 6, 2014

Treasury Secretary urges Congress to end inversions

Treasury Secretary Jacob Lew sent letters to the top lawmakers on the House Ways and Means Committee and the Senate Finance Committee on July 15, in an attempt to effect action on the issue of corporate tax inversions, according to The New York Times. Inversions are the controversial – but popular – practice of merging with […]

Author: Frank L. Brunetti

July 28, 2014

New Congressional Report Highlights Tax Inversions

Most U.S. politicians agree that the tax code should be dramatically revamped, but little has been done so far to accomplish this goal. In an attempt to spur reform, Rep. Sandy Levin, D-Michigan, published a report examining the corporate practice of shifting headquarters overseas in order to dodge U.S. taxes, according to The Hill. Known […]

Author: James F. McDonough

July 14, 2014

Medtronic the Latest Company to Propose Tax Inversion

Yet another U.S. health care company is set to take part in a corporate inversion, in which a U.S.-based firm merges with a foreign company in order to take advantage of lower tax rates abroad. Medtronic Inc. is set to become the largest company yet to perform a tax inversion with its plans to merge with former-U.S. company Covidien […]

Author: Frank L. Brunetti

June 25, 2014

Report Shows How Much Walgreens Stands To Gain with Inversion

Walgreens is just one of many U.S. companies to consider lowering its tax bill by moving abroad. This move, called an “inversion,” involves purchasing a foreign company and using it to alter the corporate structure so that the U.S. company is technically a corporate resident of the low-tax foreign country. Walgreens has been considering the […]

Author: James F. McDonough

June 18, 2014

IRS Chief: U.S. Can't End Corporate inversions

In the wake of a spate of corporate inversions over the last two years, regulators are considering ways to curb the use of this tax strategy, under which corporations move overseas to enjoy lower income tax rates. On April 30, a U.S. Treasury official told Reuters that the Obama administration is focused on ways to […]

Author: Frank L. Brunetti

May 12, 2014

Sign up to get the latest from our attorneys!

Explore What Matters Most to You.

Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.