Treasury Department Holds Off Repealing Anti-Inversion Rule

The U.S. Treasury Department says it will hold off revoking the rule aimed at cracking down on tax-slicing “inversion” mergers implemented by the Obama administration last year—days after the regulation was invalidated by a federal court in Texas on procedural grounds.In a report released by Treasury Secretary Steven T. Mnuchin yesterday, the Treasury Department said it anticipates that the issue of discouraging inversion mergers will be addressed in the tax overhaul being deve