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Inversion deals retain their allure

Two more firms announce plans to leave US for UK through inversions, despite Treasury Department’s efforts to make it harder to move

Inversion deals retain their allure

Companies continue to leave the US through inversion deals, nearly a year after the Treasury Department clamped down on the tax-fueled mergers.

Two US companies Thursday announced plans to move overseas through inversions, bringing the year's tally of proposed inversions to six. A total of 10 inversions, which allow firms to lower their corporate tax rates by buying foreign targets, were done in 2014, according to data provider Dealogic.

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