skinny down

“It could skinny down the benefits significantly.”

But, he said, Treasury could harden its existing rule on "skinny down" restructuring strategies meant to circumvent existing inversion rules.

One way to do that is through "skinny down" share buybacks or other distributions that shrink the size of the U.S. company going into the inversion.

Possible steps the government might take include tightening the rules on two strategies related to inversions, tax experts said: "earnings stripping" and "skinny down" distributions.

The United States company can “skinny down” by paying a special dividend to shareholders.