IHS becomes latest company to give up U.S. citizenship for lower taxes
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https://goo.gl/Br99uS)
Data provider IHS announced a $13 billion merger Monday that would make it the latest U.S. company to move its headquarters overseas, where it would face lower taxes.
Colorado-based IHS is merging with the smaller London-based Markit in what is known as an “inversion,” in which U.S. companies are bought by or merge with foreign firms to reduce U.S. corporate tax burdens.
The new combined company, IHS Markit, would be based in London and have a corporate tax rate in the low-to-mid-20-percent range. That is far lower than the 35 percent corporate tax rate in the United States. IHS said some key operations would remain in Colorado.