The Traderszone Network

Published in TZ Latest News 22 July, 2014 by The TZ Newswire Staff

Senate panel to debate wave of corporate tax-avoidance deals

As more U.S. corporations do deals to cut taxes by shifting their tax domiciles overseas, the Senate Finance Committee will hold a hearing on Tuesday focused on these transactions known as inversions. Nine such deals have been agreed to this year by companies ranging from banana distributor Chiquita Brands International, Inc to drugmaker AbbVie Inc and more are being considered. Witnesses at the Senate Finance Committee’s hearing will include government officials and academics.

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