Washington responds to Johnson Controls’ inversion to Ireland
Inversions continue in the U.S., with Johnson Controls’ deal to merge with Ireland’s Tyco International being the latest example. The plan prompted one U.S. congressman to say it shows the urgent need for Congress to act against inversions. The chairman of the House Ways and Means Committee, separately, said his panel will work toward having a comprehensive international tax reform package ready in 2017. (more…)