MW: Inversion decision to come in 'very near future': Lew
WASHINGTON (MarketWatch) -- Treasury Secretary Jacob Lew said on Monday the Obama administration will make a decision on policy about corporate tax inversions "in the very near future." Speaking at the Urban Institute in Washington, Lew reiterated a call for Congress to pass legislation to discourage inversions but said the administration recognizes lawmakers may not move quickly. Lew said in prepared remarks the Treasury is finishing a study of how to make inversion deals "less economically appealing." Lawmakers including Sen. Charles Schumer of New York are preparing anti-inversion legislation, but analysts don't expect passage before the November elections.
