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US Moves to Discourage Companies from Tax-dodging Relocations Overseas

The U.S. Treasury Department announced new steps Monday to try to make it less attractive for U.S. companies to use so-called corporate inversions to slash tax bills by technically moving overseas while retaining operations in the United States. The process usually involves a larger U.S. firm buying a smaller foreign one that is located in a country with lower taxes. That is the case in the $160 billion merger announced in November between U.S.-based Pfizer and Ireland-based...

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