Professor Steven Bank Featured on Marketplace About Yahoo’s Decision to Not Spin-Off Stake in Alibaba

December 9, 2015 – Professor Steven Bank was featured in a Marketplace discussion about Yahoo’s decision to end the spin-off of its stake in Chinese e-commerce giant Alibaba, given the uncertainty surrounding the tax treatment.   

Different places have different tax rates. In a manufacturing economy, companies choose where to locate factories — how close to market, how close to resources. Today’s economy is much more about patents, software and intellectual property. All a company needs to move those assets to a low-tax country is an accountant and a lawyer.

“It’s the basis for Google and Microsoft and other tech companies to transfer all of their intellectual property to Irish companies,” said Professor Bank. 

Listen to the interview.