Crackdown Targets Inversions Designed to Limit U.S. Taxes

Employees work on stent graft components in a sterile environment at the Medtronic Inc. assembly plant in Tijuana, Mexico, on Oct. 27, 2014.

Photographer: David Maung/Bloomberg

The Treasury Department announced steps that will make it harder for U.S. companies to move their addresses outside the country to reduce taxes, clamping down on the practice known as inversions.

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