Picture illustration shows U.S. Dollar and Euro banknotes in Sofia

Proposed U.S. anti-inversion rules enter final review

Picture illustration shows U.S. Dollar and Euro banknotes in SofiaU.S. regulations, proposed by the Treasury to crack down on companies that try to reduce taxes by rebasing abroad, have begun a White House review and could be finalized shortly, officials said on Tuesday. The regulations, which would make it difficult for U.S. business operations to avoid taxation while shifting profits overseas through a practice called “earnings stripping,” were received by the White House Office of Management and Budget (OMB) last week.

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