This week’s Sentiment Survey special question asked AAII members what they thought about corporate inversions. Nearly 31% of respondents said that Congress should change the tax code. Several in this group said reform should include lower taxes or measures to ban or discourage more inversions. Others in this group expressed their dislike for inversions, but said the transactions were a result of a broken tax code. More than 30% of respondents said that they disapprove or don’t like inversions, with many wanting them banned completely. About 19% either approve of such transactions or don’t object to them, primarily because they think corporations should take actions that increase profits and share price. Slightly more than 5% said the tax code and other regulations penalize U.S. companies and are responsible for causing companies to move their headquarters overseas.
Here is a sampling of the responses:
- “I am strongly against this type of merger, but I understand why companies are doing this.”
- “I don’t like it, but the whole tax structure needs to be overhauled.”
- “Corporate officers should maximize profits, which means minimizing taxes.”
- “I believe it is a bad practice and should not be allowed.”
- “I’d like to see our corporate tax rate lowered, which would discourage the inversions.”
Want to weigh in? Take the survey yourself and see results online at http://www.aaii.com/sentimentsurvey.
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