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Former U.S. Treasury Officials Urge Secretary Lew to Reconsider Latest Anti-Inversion Regs and Instead Focus on Tax Reform

20 April 2016

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Proposed Changes

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United States

In a letter dated 18 April 2016, several former U.S. Treasury Department officials urge current Treasury Secretary Jacob Lew to reconsider new regulations on inversions issued on 4 April ({News-2016-04-06/A/3- previous coverage}) and instead focus on reform of the U.S. tax code, including lower rates and a territorial system. The following is the full text of the letter. --- Dear Secretary Lew: As former Treasury Department officials, we urge you to reconsider the release on April 4 of temporary and proposed regulations aimed at preventing U.S. companies from merging with smaller foreign companies and adopting headquarters abroad -- a process...