In a speech in Washington, Lew again urged Congress to revamp the U.S. tax code and pass a retroactive law to curb the deals known as inversions.
With Congress deadlocked, the Treasury "is completing an evaluation of what we can do to make these deals less economically appealing, and we plan to make a decision in the very near future," Lew said during a speech at the Urban Institute in Washington.
"Any action we take will have a strong legal and policy basis, but will not be a substitute for meaningful legislation — it can only affect part of the economics," Lew said.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.