The Traderszone Network

Published in TZ Latest News 23 September, 2014 by The TZ Newswire Staff

Lew tries to limit tax-cut deals with inversion crackdown

Treasury Secretary Jacob J. Lew’s crackdown on inversions will get an immediate test as eight U.S. “This action will significantly diminish the ability of inverted companies to escape U.S. “For some companies considering deals, today’s action will mean that inversions no longer make economic sense.” The Treasury announcement heightened the tension between the government and companies considering obtaining a foreign address to lower their tax bills.