December 9, 2015 – Professor Steven Bank was featured in a Marketplace discussion about Yahoo’s decision to end the spin-off of its stake in Chinese e-commerce giant Alibaba, given the uncertainty surrounding the tax treatment.
Different places have different tax rates. In a manufacturing economy, companies choose where to locate factories — how close to market, how close to resources. Today’s economy is much more about patents, software and intellectual property. All a company needs to move those assets to a low-tax country is an accountant and a lawyer.
“It’s the basis for Google and Microsoft and other tech companies to transfer all of their intellectual property to Irish companies,” said Professor Bank.
Listen to the interview.