What s an inversion again In short, it s a type of corporate tax deal wherein a U.S.-based multinational with operations in other countries moves the tax residence of the parent company overseas -- moving into a low-tax jurisdiction to avoid paying U.S. taxes. (Want more details We break it down pretty thoroughly in this post.)
The President issued the following statement today about the Treasury s action.
read moreSource: www.whitehouse.gov
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