Inversion: America Has Gone From Attracting Global Business to Penalizing It

Desperate for another wedge issue to boost his depressed public approval rating, Obama is opting to demonize and target multinational corporations rather than entice them with more hospitable reform. Specifically, Obama’s Treasury Secretary Jack Lew announced this week that the Administration would target so-called tax inversions, making it more difficult for U.S. companies to engage in international mergers and incorporating in lower-tax countries while continuing operations here in America.

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