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APR 30, 2014 - Yahoo! News

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Exclusive: Curbing tax-driven business moves abroad a priority - U.S. Treasury

The Obama administration is seeking ways to curb tax-dodging by U.S. businesses that reincorporate overseas, a U.S. Treasury official told Reuters on Wednesday, highlighting growing concern about deals known as "inversions." "Cracking down on companies that reincorporate overseas to reduce their U.S. taxes is a priority for the administration," the official said in an email responding to questions about a pending administration proposal and recent events. U.S. drugmaker Pfizer Inc said on Monday it has made takeover bids for UK rival AstraZeneca Plc in a possible deal to ... Read More

Tags: Exclusive: Curbing tax-driven business moves abroad a priority - U.S. Treasury,  Pfizer Latest News