1
Both Mylan and Perrigo had previously undertaken so- called inversion deals to gain lower tax rates.
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This change, called inversion, takes place in over-ripe canes.
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Medtronic is acquiring Covidien in a so- called inversion transaction that allows it to reincorporate in Ireland.
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Pfizer said the decision was driven by new U.S. Treasury rules aimed at such deals, called inversions.
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He also took precautions to avoid the capital-gains hit that the so- called inversion would trigger for him and other investors.
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As recession signals go, this so- called inversion in the yield curve has a solid track record as a predictor of recessions.
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Politically, that proved a little too hot to handle -the U.S. Treasury killed off the so-calledinversion trade last April.
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Washington is trying to curb so- called inversions, in which U.S. corporations move their tax domiciles abroad to countries with a lower tax rate.
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The deal, if completed, would allow Hospira to re-incorporate overseas in a so- called inversion, lowering its tax rate and freeing its foreign cash.
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The deal has drawn the attention of tax experts tracking so- called inversions, in which U.S. companies reincorporate abroad to cut their tax bills.
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The planned $42.9 billion acquisition is the latest so- called inversion deal to stir controversy in Washington.
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Obama's comments came the day that U.S. retailer Walgreen Co backed down from its plan to use a so- called inversion to reduce its taxes.
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Congress is now kicking around proposals to restrain so- called inversions, where a buyer finds a target overseas to reduce what it owes Uncle Sam annually.