Friday, May 9, 2014

Lawmakers mull ways to limit tax inversions

Lawmakers mull ways to limit tax inversions-politico: The Senate’s top tax writer said on Thursday that he is working on a plan to crack down on so-called corporate inversions in which companies slash their U.S. tax bills by moving their headquarters overseas, a practice starting to grab lawmakers’ attention. Finance Committee Chairman Ron Wyden (D-Ore.) declined to discuss specifics, but said he’s hashing out a proposal with Sen. Carl Levin (D-Mich.), the chamber’s most outspoken critic of corporate tax avoidance.