In what is becoming a popular refrain, we are continuing to hear tough talk by government officials on cracking down on offshore activity.  The most recent target is once again corporate inversions.  In simplest terms, a corporate inversion is where a U.S. corporation is “acquired” by a foreign company so that it can move its headquarters outside of the U.S., thereby reducing its U.S. tax liability.

Yesterday, a tax specialist with the U.S. Treasury stated  that the anti-inversion regulations are a priority and could be released as early as this year.   Clearly, cracking down on inversions and targeting offshore activity continues to be a high priority for the current administration.