The U.S. Congressional Research Service has recently issued a report providing an overview of corporate inversion issues in the U.S., and the legislative and administrative actions currently being considered. The following provides an overview of the report. Reason for Inversions Given the current U.S. tax system, which taxes worldwide income of U.S. companies and at relatively high rates, several companies have performed corporate inversions in various forms over the years. While several reasons are given for a corporate inversion, the facts of the various cases suggest that the main or one of the main goals of most inversions is tax...