On 20 May 2014, the Stop Corporate Inversions Act of 2014 was introduced to both the U.S. House of Representative and the Senate. The main provisions of the act are as follows.
When a foreign corporation directly or indirectly acquires substantially all properties or assets of a domestic corporation, the foreign corporation will be treated as an inverted domestic corporation if:
- 50% or more of the equity or voting stock of the foreign corporation is held by former shareholders of the dom…