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Two business groups have sued the Obama administration over the government’s crackdown on U.S. companies moving abroad to reduce their tax burden. The process is known as a corporate inversion. Also called a tax inversion, a corporate inversion is the practice of a corporation relocating its legal domicile to a nation with lower taxes like Ireland, Britain, and Canada while retaining its material operations in its higher-tax country of origin. To continue reading this article, click here.

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