Wednesday, September 24, 2014

Retroactive action against "tax inversions" opposed, said to be bad for stock market (better for workers?)

A group called “Fair Reform” has been running television spots warning against retroactive taxation. 
The US Chamber of Commerce reports on a survey showing public sentiment against “retroactive limits on tax inversions”, according to this site here. I hadn’t heard that term used.  It’s the relocation of a business to a lower-cost nation (Wiki  ).  On Tuesday, Reuters reported that “new rules” would “chill” tax inversion and that for some companies, shares were diving, link here.  This could be bad news for some retirees.
I couldn’t find a regular site for “fair reform” (the domain name was for sale);  It has a Facebook site here. It wants “likes”. 

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