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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