O Congress, Where Art Thou? – Treasury Takes More Action on Inversions While They Wait for Congress to Act: Notice 2015-79

    View Author November 2015

    With Congress unable or unwilling to act, on November 19, Treasury released Notice 2015-79 (the “Notice”), expanding on and clarifying its September 2014 actions against inversions with the hope of making it less attractive for US multinationals to successfully complete inversion transactions. As some of these provisions are effective immediately, companies currently in the process of inverting may need to reconsider how, or if, they will now invert.