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Transcripts For KQEH Nightly Business Report 20160406

President obama is urging congress to take actions. Sdplp ive been pushing for years to elimi some of the injustices in our tax system. Im very pleased that the Treasury Department has taken new action to prevent more corporations for taking advantage of one of the most insidious tax loopholes out there and fleeing the country just to get out of paying their taxes. While congress has been slow to act, many see the treasure departments new rules as taking direct aim at pfizers p aim. That send them tumbling more than 14 while pfizer shares rows. It was the third set of rules as urged by the Treasury Department to curb inversion. Many say this time they will succeed in stopping the biggest inversion deal of all. Im leaning with the market which suggests the deal looks mostly done as in not going to happen. Reporter the deal was worth 160 billion when it was announced last november. Thats a more stringent structure required by treasury rules to allow pfizer to invert. The new provisions w

Transcripts For KQED Nightly Business Report 20160406

President obama is urging congress to take actions. Sdplp ive been pushing for years to elimi some of the injustices in our tax system. Im very pleased that the Treasury Department has taken new action to prevent more corporations for taking advantage of one of the most insidious tax loopholes out there and fleeing the country just to get out of paying their taxes. While congress has been slow to act, many see the treasure departments new rules as taking direct aim at pfizers p aim. That send them tumbling more than 14 while pfizer shares rows. It was the third set of rules as urged by the Treasury Department to curb inversion. Many say this time they will succeed in stopping the biggest inversion deal of all. Im leaning with the market which suggests the deal looks mostly done as in not going to happen. Reporter the deal was worth 160 billion when it was announced last november. Thats a more stringent structure required by treasury rules to allow pfizer to invert. The new provisions w

Transcripts For KQED Nightly Business Report 20160406

President obama is urging congress to take actions. Sdplp ive been pushing for years to elimi some of the injustices in our tax system. Im very pleased that the Treasury Department has taken new action to prevent more corporations for taking advantage of one of the most insidious tax loopholes out there and fleeing the country just to get out of paying their taxes. While congress has been slow to act, many see the treasure departments new rules as taking direct aim at pfizers p aim. That send them tumbling more than 14 while pfizer shares rows. It was the third set of rules as urged by the Treasury Department to curb inversion. Many say this time they will succeed in stopping the biggest inversion deal of all. Im leaning with the market which suggests the deal looks mostly done as in not going to happen. Reporter the deal was worth 160 billion when it was announced last november. Thats a more stringent structure required by treasury rules to allow pfizer to invert. The new provisions w

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