The US Treasury Department announced steps to stop currently “inverted” corporations (US corporations that try to avoid paying their fair share of taxes by buying a foreign firm and then claiming that the foreign firm, headquartered abroad, is now the owner of the US firm) from exploiting loopholes and to make it harder for future corporations to invert. Closing loopholes, restoring fairness and ensuring the tax code works for all Americans is key to boosting American jobs and business and making sure the US tax code better serves middle class families.
Posted on: Tue, 23 Sep 2014 15:39:01 +0000
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