Monday 28 July 2014

Obama could curb corporate 'inversions' on his own: ex-U.S. official

U.S. President Obama disembarks from Air Force One as he arrives at Los Angeles International Airport By Kevin Drawbaugh WASHINGTON (Reuters) - President Barack Obama could act without congressional approval to limit a key incentive for U.S. corporations to move their tax domiciles abroad in so-called "inversion" deals, a former senior U.S. Treasury Department official said on Monday. By invoking a 1969 tax law, Obama could bypass congressional gridlock and restrict foreign tax-domiciled U.S companies from using inter-company loans and interest deductions to cut their U.S. ...




via Health News Headlines - Yahoo News Read More Here..

No comments:

Post a Comment