When companies flee U.S. tax system, investors often don't reap big returns

[riky]

When companies flee U.S. tax system, investors often don't reap big returns

<p><a href="http://news.yahoo.com/companies-flee-u-tax-system-investors-often-dont-050908218.html"><img src="http://l3.yimg.com/bt/api/res/1.2/wL3gt.L1j56fU1zFza8EiQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-08-18T050908Z_1_LYNXMPEA7H07H_RTROPTP_2_MARKETS-STOCKS.JPG" width="130" height="86" alt="Traders work on the floor of the New York Stock Exchange" align="left" title="Traders work on the floor of the New York Stock Exchange" border="0" /></a>By Kevin Drawbaugh WASHINGTON August 18 (Reuters) - Establishing a tax domicile abroad to avoid U.S. taxes is a hot strategy in corporate America, but many companies that have done such &quot;inversion&quot; deals have failed to produce above-average returns for investors, a Reuters analysis has found. Among them was the first of these companies to invert, McDermott International Inc , which moved its tax home-base to Panama in 1983. Drugmakers are dominating the latest wave of inversions and most of them have outperformed the benchmark index. So far in 2014, five U.S. pharmaceutical firms have agreed to redomicile to Ireland, Canada or the Netherlands.</p><br clear="all"/>

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