The Treasury Department issued new rules making it harder
for U.S. companies to move to low-tax countries, amid a rising debate over U.S.
business-tax policy, according to the WSJ.
The move Thursday comes just days after Cleveland-based
Eaton Corp. announced plans to relocate to Ireland, through a deal to acquire
Ireland-based Cooper Industries PLC. The Eaton-Cooper deal represents the latest
in a series of similar relocations that some tax experts expect to see increase
in number.
The new rules make it tougher for many U.S. companies to
relocate to low-tax countries….
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