Scalper1 News
As American companies such as AbbVie (ABBV) and Mylan (MYL) edge closer to mergers with firms based overseas, the Obama administration is pushing for an end to inversion, a practice in which U.S. companies reincorporate abroad to reduce taxes. In a letter to four members of the House Ways and Means Committee, Treasury Secretary Jacob Lew urged lawmakers to immediately enact legislation that will “shut down this abuse of our tax system” — and make Scalper1 News
Scalper1 News