US got tough on companies skimping on their taxes….No, You Can’t Move to a Tax Haven

US got tough on companies skimping on their taxes……No, You Can’t Move to a Tax Haven

The Obama administration is cracking down on tax inversions, whereby a US company reduces its effective tax rate by merging with a foreign one and moving its headquarters abroad. New rules from the Treasury would complicate or disqualify deals like Burger King’s acquisition of Canada’s Tim Hortons last month

http://www.bloomberg.com/news/2014-09-22/treasury-unveils-anti-inversion-rules-against-tax-deals.html?alcmpid=markets

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