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BN 09/07 16:06 Schumer Draft Tax Plan Against Inversions Could Reach to 1994
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Schumer Draft Tax Plan Against Inversions Could Reach to 1994 2014-09-07 16:50:00.43 GMT
By Richard Rubin Sept. 7 (Bloomberg) -- The legislative proposal, which faces high hurdles in a deadlocked Congress, may be part of Democrats’ attempts to penalize cos. that cut their tax bills w/cross-border mergers known as inversions and get added to political strategy to blame Republicans. * Proposal isn’t final and subject to change, aide to Senator Charles Schumer says * Schumer hasn’t decided when he will introduce legislation * NOTE: Sept. 4, Treasury Secretary Lew Urges Closing of ‘Wasteful’ Corporate Tax Loopholes
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To contact the reporter on this story: Richard Rubin in Washington at +1-202-654-7307 or rrubin12@bloomberg.net To contact the editors responsible for this story: Joe Sabo at +1-609-279-3119 or jsabo@bloomberg.net Dan Hart