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Tuesday, September 30, 2014

White House moves to limit corporate tax inversions

As promised, Treasury Secretary Jack Lew announced Monday that the Obama administration is going to use its regulatory authority to crack down on corporate inversions, the strategy corporations have used to avoid paying taxes by buying up foreign companies and relocating their headquarters overseas. The most recent example is Burger King, which bought Canadian coffee purveyor Tim Horton's. The new regulations are intended to both make existing inversions less lucrative and to make future inversions more difficult.

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