As more companies are taking steps to move their headquarters out of the U.S., Congress and President Obama have expressed outrage at this supposedly unpatriotic practice. Treasury Secretary Jack Lew has said that action needs to be taken, and 16 House Democrats have cosponsored a bill to make tax inversions more difficult. In short, a tax inversion is when a company relocates part of its operations to another country in order to avoid U.S. tax law.
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