Ken Branson: rules will not stop inversions The US treasury has taken its first steps towards cracking down on corporate inversions more than six months after it first announced its intention to do so. On November 12 the Treasury announced temporary and proposed reporting regulations affecting inverted companies and companies involved in other taxable transactions. Previously there was a loophole in the law that allowed foreign, and therefore inverted companies, not to report to the IRS.
December 01 2002