Looking inside ourselves and out at the world
Independent and neutral with regard to all political and religious orientations,® aims to promote awareness of the major democratic principles on which tolerance is based.

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...

Read complete article
© Voice of America -

Follow us on ...
Facebook Twitter