--- title: 'WATCH: Stephen Colbert and Jon Stewart Slam "Corporate Deserters" Who Flee U.S. Taxes' description: The late night duo are the newest celebrities to speak out against corporate inversions. authors: - name: Jacob Davidson url: https://money.com/author/jacob-davidson/ at_money_since: 2014 articles: 106 covers: - Economy and Politics - Banking - Business - Career Advice - Credit Cards - Education - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Retirement - Shopping - Taxes - Technology social: - https://x.com/JakeD former_staff: true published: '2014-07-31T18:31:14.000Z' modified: '2024-04-16T04:06:19.000Z' section: Economy and Politics tags: - Colbert Report - Daily Show - inversions - Investing - Jon Stewart - stephen colbert - Taxes word_count: 275 canonical: https://money.com/stephen-colbert-and-jon-stewart-slam-corporate-deserters-who-flee-u-s-taxes/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![WATCH: Stephen Colbert and Jon Stewart Slam "Corporate Deserters" Who Flee U.S. Taxes](https://money.com/img/logo-social.png) Last night the Comedy Central dream team of Jon Stewart and Stephen Colbert each took a moment on their respective shows to attack the growing number of American corporations moving their official addresses abroad to escape U.S. taxes. The specific kind of tax flight the duo is talking about is known as an inversion, and these maneuvers have become all the rage in recent months. As Money's Pat Regnier [explains](https://money.com/abbvie-merger-tax-inversion/), an inversion is when a U.S. company merges with a (typically smaller) foreign company in tax-friendly country. The U.S. company then claims it is now based in the foreign company's nation and thus avoids paying U.S. taxes while continuing to enjoy many benefits of essentially remaining an American company. "It's like me adopting an African child, and then claiming myself as his dependent," quipped Colbert. This practice has been widely condemned as unpatriotic and unfair to American taxpayers who will be stuck footing the bill if the government needs to replace corporate tax dollars with new sources of revenue. The anti-inversion chorus has so far included public figures ranging from President Obama to entrepreneur and Dallas Mavericks owner Mark Cuban, who recently [advised his Twitter followers](https://money.com/mark-cuban-sell-companies-going-overseas/) to divest from inversion-happy corporations. On Wednesday, Stewart and Colbert added their own two cents, with Colbert bringing on Fortune's Allan Sloan, author of a recent [seminal article on inversions](http://fortune.com/2014/07/07/taxes-offshore-dodge/), to talk about the problem. **[The Colbert Report](http://thecolbertreport.cc.com/)** Get More: [Colbert Report Full Episodes](http://thecolbertreport.cc.com/full-episodes),[The Colbert Report on Facebook](https://www.facebook.com/thecolbertreport),[Video Archive](http://thecolbertreport.cc.com/videos) **[The Daily Show](http://thedailyshow.cc.com/)** Get More: [Daily Show Full Episodes](http://thedailyshow.cc.com/full-episodes/),[The Daily Show on Facebook](http://www.facebook.com/thedailyshow),[Daily Show Video Archive](http://thedailyshow.cc.com/videos) **[The Colbert Report](http://thecolbertreport.cc.com/)** Get More: [Colbert Report Full Episodes](http://thecolbertreport.cc.com/full-episodes),[The Colbert Report on Facebook](https://www.facebook.com/thecolbertreport),[Video Archive](http://thecolbertreport.cc.com/videos) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/stephen-colbert-and-jon-stewart-slam-corporate-deserters-who-flee-u-s-taxes/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Economy and Politics", "item": "https://money.com/economy-and-politics/" }, { "@type": "ListItem", "position": 3, "name": "Big Tech", "item": "https://money.com/big-tech/" }, { "@type": "ListItem", "position": 4, "name": "WATCH: Stephen Colbert and Jon Stewart Slam "Corporate Deserters" Who Flee U.S. Taxes" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/stephen-colbert-and-jon-stewart-slam-corporate-deserters-who-flee-u-s-taxes/#webpage", "url": "https://money.com/stephen-colbert-and-jon-stewart-slam-corporate-deserters-who-flee-u-s-taxes/", "name": "WATCH: Stephen Colbert and Jon Stewart Slam "Corporate Deserters" Who Flee U.S. Taxes", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2014-07-31T18:31:14.000Z", "mainEntity": { "@id": "https://money.com/stephen-colbert-and-jon-stewart-slam-corporate-deserters-who-flee-u-s-taxes/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/stephen-colbert-and-jon-stewart-slam-corporate-deserters-who-flee-u-s-taxes/#breadcrumb" }, "dateModified": "2024-04-16T04:06:19.000Z" }, { "@type": "Article", "headline": "WATCH: Stephen Colbert and Jon Stewart Slam "Corporate Deserters" Who Flee U.S. Taxes", "articleSection": "Economy and Politics", "image": [ { "@type": "ImageObject", "url": "https://money.com/img/logo-social.png", "width": 300, "height": 300 } ], "author": [ { "@type": "Person", "name": "Jacob Davidson", "url": "https://money.com/author/jacob-davidson/", "@id": "https://money.com/author/jacob-davidson/#author", "image": "https://money.com/content.money.com/wp-content/uploads/2015/12/jake-davidson-2.jpg?crop=35px%2C18px%2C872px%2C872px&resize=640%2C640&quality=85&strip&ssl=1", "email": "jake.davidson@yoh.timeinc.com", "sameAs": [ "https://x.com/JakeD" ] } ], "publisher": "https://money.com/#organization", "datePublished": "2014-07-31T18:31:14.000Z", "description": "The late night duo are the newest celebrities to speak out against corporate inversions. 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