Welcome to Crash Course, a podcast about business, political, and social disruption and what we can learn from it.

I'm Tim O'Brien. Every week on Crash Course, I'm going to bring listeners directly into the arenas where epic upheavals occur and

I'm going to explore the lessons we can learn when creativity and ambition collide

with competition and power.

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Where a Dublin-based company has the freedom to operate in a more competitive way.

Now, when you say they have virtually no material impact on your business, is that because you aren't doing some of the earnings stripping that they laid out and are you concerned that they

might come out with more and look at other ways that there could be inversion tactics that

are stripped away from some of the tax benefits that you enjoy?

Yeah, so the way they targeted earning stripping in these rules

doesn't impact our structure. That's not the way we are structured. That being said, I think it was very difficult for them to do that. And they've acknowledged that there will be some unintended consequences of the rules they

they wrote but they will not impact allure. So my sense is they really worked

hard at Treasury to write these rules. My sense is

Secretary Lou has already said now it's up to Congress. President Obama has now also said

now Congress needs to make their next move. And so I think the hope here is that Congress

will do something to make the American tax system more competitive

for global companies to operate.

Well, whether you are blindsided or not, clearly this is a big smack.

Who do you want to give your political dollars to after this?

You know, I'm not going to endorse a specific candidate,

but I do want to make sure that the conversation of the politicians changes from punishing companies

...