Corporate Inversions: Stanley Works and the Lure of Tax Havens
Below are the available bulk discount rates for each individual item when you purchase a certain amount
Register as a Premium Educator at hbsp.harvard.edu, plan a course, and save your students up to 50% with your academic discount.
Publication Date:
September 18, 2002
Industry:
Manufacturing
Source:
Harvard Business School
In response to Stanley Work’s announcement that it is moving to Bermuda–and the associated jump in market value–a major competitor sets out to determine how the market is valuing the consequences of moving to a tax haven and whether his company should invert to a tax haven. In particular, the competitor’s CFO needs to attribute Stanley’s stock price movements across several dimensions of potential tax savings (tax savings on foreign operations and on interest payments) to see if there might be something else at play (earnings stripping). In the process, the mechanics and incentives created by the international tax regime are illustrated. To obtain executable spreadsheets (courseware), please contact our customer service department at custserv@hbsp.harvard.edu.
If you’d like to share this PDF, you can purchase copyright permissions by increasing the quantity.
Copyright © 2021 Harvard Business School Publishing. All rights reserved. Harvard Business Publishing is an affiliate of Harvard Business School.
Corporate Inversions: Stanley Works and the Lure of Tax Havens
Research & References of Corporate Inversions: Stanley Works and the Lure of Tax Havens|A&C Accounting And Tax Services
Source