Crackdown on corporate inversions highlights monstrosity of U.S. tax code
- Written by The Conversation Contributor
Companies such as drugmaker Pfizer and medical device maker Medtronic that have used a technique called an inversion to reduce their tax bill recently got a smackdown from President Barack Obama:
I am very pleased that the Treasury Department has taken new action to prevent more corporations from taking advantage of one of the most insidious tax...
Read more: Crackdown on corporate inversions highlights monstrosity of U.S. tax code