05-10-2016 19:51 via news.yahoo.com

Republicans asked U.S. administration not to finalize inversion rules

By David Morgan WASHINGTON (Reuters) - Two-dozen Republicans from the U.S. House of Representatives asked the White House and the Treasury on Wednesday not to finalize proposed regulations meant to crack down on companies that try to reduce their U.S. taxes by rebasing abroad, fearing it will harm business and the economy. In an Oct. 5 letter, Republican members of the tax-writing House Ways and Means Committee warned administration officials that regulations now under final review at the White
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