Obama Urges End To Corporate Inversions
This article was originally published in The Gray Sheet
Executive Summary
In his State of the Union speech, the President pledged to “close tax loopholes,” including his continuing efforts to ban U.S. firms from moving their tax headquarters overseas in corporate inversion deals. On the same day Democratic legislators introduced a bill to stop corporate inversions. Finance Panel Chair Sen. Orrin Hatch, R-Utah, has different tax loopholes he wants to close.