Treasury Department Targets Corporate Inversions

The Treasury Department has announced new rules aimed at preventing companies from reincorporating overseas to reduce their tax bill.

Treasury Secretary Jack Lew said the rules were necessary because some firms have been trying to benefit from “an environment that allows them to move their tax residence overseas.”

Here & Now‘s Jeremy Hobson looks at the new rules with Zach Mider of Bloomberg News.

Guest

• Zach Mider, reporter for Bloomberg News. He tweets @zachmider.

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