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US Treasury Seeks to Stop Corporate Inversion Deals

The Obama administration says it has taken the first step to discourage U.S. companies from moving their tax residence overseas to avoid paying their fair share of American taxes. The U.S. Treasury Department has announced new regulations designed to limit the ability of companies to seek refuge in lower tax countries through so-called "corporate inversions," in which a U.S. company acquires a foreign company and becomes that company for tax purposes. The Treasury...

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