Treasury To Take Time To Weigh Options On Tax Inversions: Official
A Treasury Department official said on Monday, the Obama administration will need more than a few weeks to weigh potential administrative actions to discourage U.S. companies from reducing their tax bills by moving to other countries. The official said staff at the U.S. Treasury was assembling a list of options for Treasury Secretary Jack Lew. The official who asked not to be identified said, “The issues are complex, so the work will not be done in a week or two. The secretary is hoping to have recommendations from his team in the near future”
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