More on Inversions

Obama could curb corporate inversions on his own.

http://www.reuters.com/article/2014/07/28/us-usa-tax-shay-idUSKBN0FX07W20140728

How quaint.

An executive order.

This should send heads spinning in board rooms throughout America.

However, I don’t think the inversion is due to intercompany loans and interest deductions as the article claims.

Also, in error in this particular article … if Congress passes a law, it does not need to be invoked … by the President or the grand wizard. A law is a law whether it’s invoked or not. He may be thinking of Harry Potter.  An understandable error.  Sometimes I too have trouble remembering politicians aren’t magic.

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