Here’s What Inversions Are Costing Us
You don’t get to pick your tax rate. Neither should corporations.
That’s why, earlier this week, the Treasury Department took initial steps to prevent U.S. corporations from using a tax maneuver to avoid paying taxes in America. This loophole -- known as an “inversion” -- lets a company avoid taxes by relocating their tax residence overseas while changing very little else about its operations or business.
And it’s costing Americans nearly $20 billion over the next decade -- critical dollars that could grow and expand the middle class.
Take a look at why we are taking action to close the inversion tax loophole -- then share it with everyone who needs to know.
|
