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Mergers & Acquisitions

Jul. 18, 2014

Corporate lawyers pooh-pooh move by Treasury secretary

A letter sent by U.S. Treasury Secretary Jacob J. Lew urging congressional budget leaders to pass legislation aimed at stifling the flow of corporate tax inversions abroad is being viewed largely as hollow gesture by some tax experts.


By Dominic Fracassa


Daily Journal Staff Writer


A strongly worded letter sent by U.S. Treasury Secretary Jacob J. Lew urging congressional budget leaders to pass legislation aimed at stifling the flow of corporate tax inversions abroad is being viewed largely as a hollow gesture by some California transactional tax experts.


Inversions, in which companies use an overseas merger to relocate their corporate headquarters to a country with lower bus...

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