CBO: Corporate inversions cost US $12 billion

Published September 18, 2017 8:01pm ET



A new government report indicates that the Treasury could lose about 2.5 percent of corporate tax revenue if Congress doesn’t act to prevent companies from shifting profits to tax havens and undertaking “inversions.”

In a new report Monday, the Congressional Budget Office estimated that inversions and other tax-minimizing strategies would cost the government roughly $12 billion in 2027, about 2.5 percent of all corporate revenue.

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