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Treasury holds onto Obama-era inversion rules (for now)

U.S. Treasury Secretary Steve Mnuchin. Photo: Alex Brandon / AP

The Treasury Department says that it will hold off on revoking Obama-era rules meant to discourage corporate inversions, which were invalidated late last month by a Texas district court.

Bottom line: This isn't so much a statement of principle or plan to appeal, so much as a Trump Administration argument that U.S. companies would no longer pursue such transactions if the GOP tax plan passes.