Another Obama era regulation bites the dust
11/1/19
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from FoxBusiness,
11/1/19:
President Trump is rolling back another regulation set by the Obama administration, which the White House says is no longer necessary.
It is the regulation that was enacted to keep American companies from moving their official base of operation abroad to reduce their tax burden.
It is called an inversion, where an American company merges with a foreign firm, basically becoming a subsidiary and moving the headquarters for tax purposes
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