The Patriot Post® · And Just Like That, There Are Rules Against Tax Inversions

· https://patriotpost.us/articles/29360-and-just-like-that-there-are-rules-against-tax-inversions

The Treasury passed rules Monday to discourage U.S. companies from moving overseas in an attempt to escape the nation’s ravenous tax laws. They are effective immediately. There was no public comment period, no debate in Congress. One day, Barack Obama was complaining, Warren Buffett was investing in Burger King’s inversion and we were making jokes about donut burgers. The Treasury ignored the true problem of America’s failed tax laws, refusing to create a climate that would encourage businesses to return to this country, and instead made polices that would eat into the profits on inverting companies. One swoop, one day and there are more shackles on America’s economy. The Leviathan hath moved. More…