IRS and Treasury Issue New Tax Rules for Inversions
 

IRS and Treasury Issue New Tax Rules for Inversions

The Treasury Department’s new steps to curb the tide of corporate inversion deals and the Organization of Economic Cooperation and Development’s recently released recommendations aimed at combating tax base erosion and profit shifting signal increasing momentum in the battle to prevent corporate tax revenues from eroding.

On Monday, Treasury Secretary Jacob Lew announced a series of measures the Obama administration will be taking to discourage U.S. companies from using mergers with foreign companies to reduce their corporate taxes (see Treasury Crackdown Targets Inversions Designed to Limit U.S. Taxes). Read more on Accounting Today.