U.S. Acts to Curb Firms’ Moves Overseas to Avoid Taxes – NYTimes.com

WASHINGTON — Treasury Secretary Jacob J. Lew announced rules on Monday that are aimed at making it more difficult for American companies to lower their tax bills by relocating overseas and that would wipe out the benefits for those that do. It is the administration’s latest move to sidestep a paralyzed Congress and tackle a politically charged element of President Obama’s agenda.

via www.nytimes.com

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