1. Treasury Examining Inversion Limits Without Congress Action

    Treasury Examining Inversion Limits Without Congress Action

    (Bloomberg) The U.S. Treasury Department is examining whether it has the authority to bypass Congress and curb corporate inversions, reversing the administration’s prior insistence that it lacked power to act. Jacob Lew “Treasury is reviewing a broad range of authorities for possible administrative actions that could limit the ability of companies to engage in inversions,” the department said in a statement today.

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  2. Quotes

    1. Treasury is reviewing a broad range of authorities for possible administrative actions that could limit the ability of companies to engage in inversions,Â
    2. If we have to wait for what is the likely period of time before business tax reform can be enacted,Â
    3. We do not believe we have the authority to address this inversion question through administrative action,Â
    4. If Treasury has the authority to tackle inversions, by all means they ought to use it,Â