Earnings Stripping and Serial Inverter Rule Submissions to the Administration

In April the U.S. Treasury Department proposed two rules to make it harder for U.S. companies to invert, or desert the country in order to avoid U.S. taxes.  One rule addressed “serial inverters” attempting to get around tax obligations on profits held offshore.  The other rule addressed “earnings stripping,” in which a foreign company, which often has undergone an inversion with a larger U.S. firm, tries to reduce its taxable profits by shifting them offshore to a low-tax country.

Below are some of the tens of thousands of comments from individuals and from organizations representing millions of Americans who support these two rules, including a video of a delivery of comments to the IRS.