Matthew Gardner, a fellow at the Institute on Taxation and Economic Policy, pointed to several additional reasons Broadcom might want change its address.
Broadcom is in the middle of a $5.5 billion merger with Brocade, a networking company. That deal has been held up because of a review by the Committee on Foreign Investment in the United States, which evaluates sales of U.S. businesses to foreign entities to determine the impact on America’s national security.
Moving the legal headquarters back to the United States allows Broadcom to avoid CFIUS review, Gardner said. Read more