Topics

Orrin Hatch
Treasury takes steps to discourage offshore tax-shifting inversions
Treasury takes steps to discourage offshore tax-shifting inversions

The Obama administration on Monday announced long-awaited executive actions to try to discourage companies from reincorporating abroad to reduce their U.S. taxes. The steps -- technical revisions to the tax code -- will "meaningfully reduce the economic benefits" to firms that try so-called corporate tax inversions in the future, Treasury Secretary Jacob J. Lew said. ------------ FOR THE RECORD Sept. 22, 5:08 p.m.: An earlier version of this post quoted Treasury Secretary Jacob J. Lew as saying the revisions to the tax code will "substantially reduce the economic benefits" to firms that try tax inversions. He actually said the changes will "meaningfully reduce...

Loading