U.S. Treasury unveils rules to curb inversion deals

The U.S. Treasury Department issued new rules designed to deter and reduce the benefits of corporate inversion deals. Some measures will retroactively apply to inversions completed over the past year.

The actions announced Friday will make it more difficult for U.S. companies to invert by limiting a U.S. company's ability to inflate the size of its new foreign parent company. Under current law, a new foreign parent company is taxed as a U.S. corporation if its U.S.-based acquirer owns at least an 80% stake in the combined entity. ...