Read the article "Transocean and the History of Tax Inversions".

1) As you know, the U.S. recently reduced the top statutory corporate tax rate from 35% to 21%. In addition, as part of the TCJA, the U.S. changed from a worldwide system to a quasi- territorial system for taxing multinational corporations. In your view, what are the likely effects of these tax law changes on inversion activities.

2) What is a tax inversion?