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Treasury Takes Action Against Inversion Deals - Taxation News

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Tax News


Posted on: Sep 23, 2014

It's been less than a month since the last time we posted about inversion, thanks to Burger King's meger with Tim Hortons in Canada. On September 22, the Obama administration took action to deter such business practices.

The U.S. Department of the Treasury announced new rules that they stated were effective immediately, which means  that, if the Burger King and Tim Hortons deal is not done and closed, it would be subject to the new rules.

The rules will reduce the tax benefits available to inverted companies and also make new inversions more challenging and potentially less rewarding. President Obama has criticized inverting companies before, which is a move that many businesses made after the recession.

To read more about this, check out this article.

To read the Treasury's fact sheet on the issue, click here.

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