New U.S. Rules on Tax Inversions Lack Bite
The Treasury’s anti-inversion regulations appear to be more about politics than stamping out corporate tax shelters abroad.
Anne Szustek
October 13, 2014
Workers construct scaffolding around the U.S. Capitol Building in Washington, D.C., U.S., on Tuesday, July 29, 2014. Democrats in Congress are trying again to prevent the federal government from awarding contracts to companies that save taxes by moving their legal addresses outside the U.S. So-called inversions are transactions in which a U.S. company shifts its legal address to a country such as Ireland or the U.K. with a lower corporate tax rate, often through the acquisition of a smaller company abroad. Photographer: Andrew Harrer/Bloomberg
Andrew Harrer/Bloomberg
