Same effect as inversion deal, without having to move out of the US – just pick a different state. To attract insurance business from other states, some states have passed special laws that allow the companies to pull cash away from reserves they are required to keep to pay claims. The insurers use the money to pay for bonuses, shareholder dividends, acquisitions and other projects, and because of complicated accounting maneuvers, the money escapes federal taxation.
Sustainable Investing 4 All 