Treasury weighs weakening rules to curb corporate tax inversions: report
Treasury Department officials are considering rolling back a rule aimed at preventing U.S. companies from moving money overseas to avoid U.S. taxes, Bloomberg reported Tuesday, citing people familiar with discussions. The report said the Treasury could narrow rules aimed at preventing American firms from lowering their U.S. tax bills by borrowing from an offshore branch of the company. Treasury is also mulling repealing the regulations entirely, the report said.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.