Mergers & Acquisitions
Oct. 1, 2014
Lawyers say effect of inversion regulations will be limited
A series of tax-code tweaks seeks to limit how easily U.S. companies can access stockpiles of cash stored overseas virtually tax-free. Attorneys say the new rules aren't likely to discourage such deals too drastically.
Daily Journal Staff Writer
New regulations issued jointly by the U.S. Treasury Department and Internal Revenue Service last week aimed at curbing corporate inversions marked the first formal steps by the Obama administration toward clamping down on the popular transactional structure, which has become something of a political flash point in recent months. But corporate attorneys and international tax experts say the new rules aren...
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