U.S. Treasury moves against tax-avoidance 'inversion' deals

By Kevin Drawbaugh and Jason Lange WASHINGTON (Reuters) – Moving against tax avoidance by corporations, the Obama administration took several actions on Monday to curb “inversion” deals that allow companies to escape high U.S. taxes by reincorporating abroad. The Treasury Department announced new rules, effective immediately, that will reduce the tax benefits available to companies that have inverted, while also making new inversions more difficult to do and less potentially rewarding. …

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