Tuesday, 23 September 2014

Shares of 'inversion' candidates slide on U.S. tax rule

The Burger King logo is seen through a Tim Horton's doughnut hole in a photo illustration outside a restaurant in Toronto By Ben Hirschler and Dan Burns LONDON/NEW YORK (Reuters) - The U.S. Treasury's move to curb deals that allow U.S. companies to escape high taxes at home wiped a combined $12.3 billion off the shares of nearly a dozen companies on both sides of the Atlantic on Tuesday, as investors reacted to the surprisingly far-reaching action. But it was unclear whether the tougher stance adopted by the Obama administration on "inversion" deals that allow companies to escape high U.S. ...




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