The Presidential Daily Brief

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  1. Feds Crack Down on Corporate Foreign Tax Dodgers

    Uncle Sam’s exploring tax frontiers. The Treasury Department is narrowing the “inversions” loophole that allows American firms to avoid taxes by merging with a foreign company and relocating overseas. New regulations include provisions requiring U.S. companies to own less than 80 percent of the merged firm. They also negate the effect of “hopscotch loans” from one company to another, which have helped save corporations tens of billions of dollars, showing there are limits for tax dodgers.

    CNN MoneyWashington Post

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