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The u. S. Corporate tax rate is among the worlds highest, but in a move to lower tax bills, more and more u. S. Firms make merger deals with Foreign Companies and move from the United States to a country with a lower tax base. Its called a corporate inversion. Is that greed or Good Business . Thats our cover story this week. Wisconsin based wisconsin controls and tyco in ireland planned to merge with the company in ireland. While the deal is not only for tax reasons, the move is expected to save 150 million every year. They are part of a trend businesses moving overseas and lowering the tax bill in part because the taxes are 39 , but with deductions and loopholes, few pay that rate. Using inversion, they reincorporate in another country and pay that nations lower tax rate on the income earned there. The largest inversion deal was announced last year to combine pfizer and allergan to ireland with a tax rate of 12. 5 . They are not alone. Theres medtronic that moved to ireland, and burge

United statesRhode islandEast greenwichPhil rosenthalJimmy fallonJanet yellenTim hortonKen harrisPatricia paigeBernie sandersTax rateForeign companiesCompanies moveGood businessCover storyRate income