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White House Looks to Stem Corporate Tax 'Inversions'

The White House says it has no timeline for executive action on so-called corporate inversion deals in which companies are essentially renouncing their U.S. headquarters to avoid paying their fair share of taxes. However, White House press secretary Josh Earnest said Tuesday that if Congress refuses to act, the Obama administration is looking at possible options to respond to the problem of "corporate deserters." Some American companies are buying foreign companies to...

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