U.S. companies face a kind of double taxation--taxing both domestic and foreign earned corporate income--and we are the only major industrial nation to do this to our businesses

New Inversion Rules Seek to Punish Businesses, Not Raise Revenue

By Alan Joel —— Bio and Archives--September 23, 2014

American Politics, News | Comments | Back To Full Article

The Department of the Treasury announced last night that it has implemented new rules aimed at making it more difficult for U.S. companies to move their headquarters abroad, which is known as an "inversion". The rules take immediate effect.

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