Obama to target 'inversion' firms moving HQ abroad to avoid US taxes

21. října 2014 v 23:43
Companies that seek to avoid US tax by shifting their headquarters abroad are being targeted under tough new rules announced by the Obama administration that it claims will dramatically reduce the benefits of so-called corporate inversions.The controversial technique, which has allowed companies such as Burger King to move abroad by buying a smaller foreign rival, had become a major test of White House resolve in the face of a failure to agree a legislation solution in Congress.But after several weeks examining legal options for unilateral executive action, Treasury officials say that a series of changes to their "administrative guidance" will suffice to stamp out much of the practice in future. http://asepoka.ru/04-2014/index3.html

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