Move intended to stop American companies from putting their addresses in foreign countries to reduce tax bills http://www.marketwatch.com/story/us...nversions-more-difficult-2015-11-19-171032910
Obama and his administration still don't seem to get it. Making inversions harder will only force those corporations shift their operations 'for real' instead of the current variety of inversion which only involves buying a token foreign entity but still keeping the bulk of their operations here in the US. The math is very simple - why would a corporation, whose sole purpose is to create shareholder value, pay 40% in US taxes when it could pay half of that amount in several other industrialized nations? Until that gets addressed, no punitive legislation can stop this exodus. The past 7 years could have been spent on working on critical items such as tax code reform. We instead got an even more complex tax code, higher taxes, and the obamacare train wreck.