10 years ago
Treasury Department Takes Aim at Corporate Inversions
The U.S. Treasury Department said late Monday it will crack down on techniques by some American companies seeking to reduce their tax burdens by moving their headquarters overseas. The move comes after a heavy M&A cycle this year in which several U.S. firms have acquired foreign companies, and sometimes restructured their organizations to move parts or all of the business overseas, a process known as inversion.
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