U.S. Treasury issues final inversion rules on earnings stripping
WASHINGTON (Reuters) - The Obama administration issued final "earnings stripping" regulations on Thursday in a bid to reduce the benefits of corporate tax inversions, which occur when U.S. companies seek to reduce their tax bill by rebasing abroad.
The U.S. Treasury Department said the new rules would limit the ability of inverted companies to lower their tax bills through debt that does not support investment in the United States.