President Obama could act without congressional approval to reduce - TopicsExpress

President Obama could act without congressional approval to reduce the key incentives which allow U.S. corporations to complete tax inversions, says Stephen Shay, a former senior U.S. Treasury Department official. According to Shay, Obama can invoke a 1969 tax law to bypass congressional gridlock and restrict foreign tax-domiciled U.S companies from using inter-company loans and interest deductions to cut their U.S. tax bills.

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