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.
bizztrategy @ Ellis CPA 