All material subject to strictly enforced copyright laws. © 2022 ITR is part of the Euromoney Institutional Investor PLC group.

Ex-US Treasury officials: America’s new ‘inversion’ regulations will push US companies overseas

Caroline Byrne
April 19, 2016
Share
small dollars

Eighteen ex-Treasury officials are lobbying US President Barack Obama to reconsider new ‘inversion’ rules announced after Pfizer’s failed $160 billion merger with Ireland’s Allergan, saying the regulations will encourage US companies to move abroad and exacerbate the problem.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login

Tags

NewsRegulationUnited StatesTransfer PricingNorth America
CB
Caroline Byrne
Contact
Caroline Byrne previously worked at ITR
more across site & bottom lb ros

More from across our site

Female hand with megaphone on white background
Last call to comment on Australia-India tax treaty
Incoming amendments to the treaty could increase costs on non-resident Indian service providers.
Danish Mehboob, August 08, 2022
Target shot opportunity dartboard performance how accurate can it be win looser miss fail flunk throw loss failure score on white background competition archery isolated 3d illustration
US corporate tax ‘not even close’ to pillar two
Experts say the proposed minimum tax does not align with the OECD’s pillar two regime and risks other countries pulling out.
Danish Mehboob, August 08, 2022
Ruby gemstone
This week in tax: Malawi seeks $310bn in unpaid taxes from US mining company
The Malawian government has targeted US gemstone miner Columbia Gem House, while Amgen has successfully consolidated two separate tax disputes with the Internal Revenue Service.
Danish Mehboob, August 05, 2022
ITR Summer Issue 2022 image
ITR Summer Issue 2022: Editorial
ITR's latest quarterly PDF is now live, leading on the rise of tax technology.
Ed Conlon, August 05, 2022
ITR Americas Tax Awards 2022.png
ITR Americas Tax Awards 2022: shortlist announced
ITR is delighted to reveal all the shortlisted firms, teams, and practitioners for the 2022 Americas Tax Awards – winners to be announced on September 22
John Harrison, August 04, 2022
LONDON, UK - January 24th 2019: HMRC, Her Majesty's Revenue and
Carelessness will be costly under UK’s new TP regime: sources
‘Care’ is the operative word as HMRC seeks to clamp down on transfer pricing breaches next year.
Leanna Reeves, August 04, 2022
Canada insurance tax.jpg
Companies advised to fix Canadian tax insurance policies
Tax directors tell ITR that the CRA’s clampdown on unpaid taxes on insurance premiums is causing uncertainty for businesses as they try to stay compliant.
Siqalane Taho, August 03, 2022
UK VAT_Online sellers.jpg
HMRC to impose automated VAT checks on foreign sellers
HMRC has informed tax directors that it will impose automated assessments on online sellers with inaccurate VAT returns, in a bid to fight fraud.
Siqalane Taho, August 03, 2022
blackrock-hmrc-tax-case.jpg
Taxpayers must get ‘back to basics’ after UK BlackRock ruling
UK businesses need to reset after the Upper Tribunal ruled against BlackRock over interest deductions it claimed on $4 billion in inter-company loans, say sources.
Josh White, August 02, 2022
Panorama of Hong Kong City skyline with tourist sailboat at night. View from across Victoria Harbor HongKong.
Hong Kong regime change could appease EU but hurt tax appeal
Hong Kong SAR’s incoming regime for foreign income exemptions could remove it from an EU tax watchlist but hand Singapore top spot in APAC.
Danish Mehboob, August 01, 2022
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree