November 27, 2017
The U.S. Department of the Treasury and the Internal Revenue Service announced on Monday that they are appealing a Texas federal court's decision to invalidate the anti-inversion rule that sank a planned $160 billion merger between Pfizer Inc. and Irish counterpart Allergan PLC.
October 01, 2017
A Texas federal court on Friday invalidated the anti-inversion rule that sank a planned $160 billion merger between Pfizer Inc. and Irish counterpart Allergan PLC, saying it was unlawfully implemented without giving the public enough notice or time to comment.
May 04, 2017
The U.S. Chamber of Commerce on Wednesday slammed the Internal Revenue Service's effort to introduce a federal court's April ruling upholding disclosure requirements for participants in certain alleged tax shelter schemes into its suit over a controversial corporate inversion rule, saying the case is irrelevant to the instant dispute.
February 22, 2017
The U.S. Chamber of Commerce on Tuesday rejected the IRS assertion that a Texas federal court should let the government revise last year's controversial inversion rule even if loses, maintaining that the rule needs to die outright.
February 15, 2017
The U.S. government asked a Texas federal court on Wednesday to consider sending a tax rule meant to combat corporate inversions back to the U.S. Treasury Department rather than vacating it if the U.S. Chamber of Commerce’s challenge of the rule is successful.
January 13, 2017
Despite objections from the IRS, the National Association of Manufacturers got the green light from a Texas federal judge Thursday to fight a recent anti-inversion rule and argue that the agency violated its legal obligations to solicit public comments.
November 15, 2016
The Internal Revenue Service slammed the National Association of Manufacturers for trying to weigh in on a suit over a recent corporate inversion rule, arguing Tuesday in Texas federal court that the claims not only come too late but are also nearly identical to those already made.
November 09, 2016
The U.S. Chamber of Commerce slammed the Internal Revenue Service's bid to toss its suit over a rule meant to combat corporate inversions, arguing Tuesday in Texas federal court that it has standing to bring a suit on behalf of its members, which suffered injury in this case.
October 12, 2016
The U.S. Department of the Treasury exceeded its authority and failed to give U.S. businesses required notice of an "arbitrary and capricious departure" from prior policy when it passed a rule meant to thwart corporate inversions, the U.S. Chamber of Commerce told a Texas federal court on Tuesday.
August 04, 2016
The U.S. Chamber of Commerce filed suit against the IRS, the Treasury Department and their respective heads in Texas federal court Thursday seeking to overturn the April tax rule that killed the $160 billion Pfizer-Allergan merger, calling it a violation of administrative procedure that threatens the rule of law.