New U.S, Tax Inversion Note Doesn't Concern Medtronic
Medical-device company Medtronic PLC said Friday that the Treasury Department’s latest effort to curb the tax benefits of companies moving their headquarters overseas wouldn't “have a material financial impact,” on the company.
Since last year U.S. regulators have cracked down on tax-beneficial corporate migrations known as inversions. On Thursday, the Treasury Department issued its latest notice seeking to limit the benefits that occur when a U.S. company acquires a foreign subsidiary and moves its headquarters overseas seeking to slash its tax bill.
Since last year U.S. regulators have cracked down on tax-beneficial corporate migrations known as inversions. On Thursday, the Treasury Department issued its latest notice seeking to limit the benefits that occur when a U.S. company acquires a foreign subsidiary and moves its headquarters overseas seeking to slash its tax bill.