WASHINGTON -- President Obama and the Treasury Department have lately been taking aim at corporate inversions -- the practice of a multinational U.S. company merging with a foreign firm and reestablishing corporate headquarters outside U.S. borders for tax purposes.
Obama has blasted the tactic as unpatriotic, and, last week, Treasury announced a set of steps aimed at limiting the tax benefits for inverted companies when they access earnings through their foreign subsidiary. But beyond the headlines and sound bites, how should advisors evaluate inversions when developing investment strategies for their clients?
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