The U.S. Treasury Department said late Monday it will crack down on techniques by some American companies seeking to reduce their tax burdens by moving their headquarters overseas. The move comes after a heavy M&A cycle this year in which several U.S. firms have acquired foreign companies, and sometimes restructured their organizations to move parts or all of the business overseas, a process known as inversion. “These transactions erode the U.S. tax base, unfairly placing a larger burden on all other taxpayers, including small businesses and hardworking Americans,” Treasury said in a statement Monday. The statement went on to say the regulator encourages “genuine” cross-border mergers that help bolster the U.S. economy and enable American companies to operate in foreign nations, but it draws a line when the move comes down to tax-benefit purposes. Read more http://www.foxbusiness.com/industri...epartment-takes-aim-at-corporate-invesrsions/