Democrats Seek U.S. Contract Ban To Limit Corporate Inversions

Workers construct scaffolding around the U.S. Capitol Building in Washington, D.C., U.S., on Tuesday, July 29, 2014. Democrats in Congress are trying again to prevent the federal government from awarding contracts to companies that save taxes by moving their legal addresses outside the U.S. So-called inversions are transactions in which a U.S. company shifts its legal address to a country such as Ireland or the U.K. with a lower corporate tax rate, often through the acquisition of a smaller company abroad. Photographer: Andrew Harrer/Bloomberg via Getty Images
Workers construct scaffolding around the U.S. Capitol Building in Washington, D.C., U.S., on Tuesday, July 29, 2014. Democrats in Congress are trying again to prevent the federal government from awarding contracts to companies that save taxes by moving their legal addresses outside the U.S. So-called inversions are transactions in which a U.S. company shifts its legal address to a country such as Ireland or the U.K. with a lower corporate tax rate, often through the acquisition of a smaller company abroad. Photographer: Andrew Harrer/Bloomberg via Getty Images
Democrats Seek U.S. Contract Ban To Limit Corporate Inversions
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Bloomberg / Contributor
Editorial #:
452884836
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Bloomberg
Date created:
July 29, 2014
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Source:
Bloomberg
Object name:
CONGRESS INVERSIONS