A senior official from the U.S. Treasury Department, speaking to the committee, reiterated the Obama administration’s call for urgent action by Congress to implement a White House proposal to make inversions more difficult to do.
“Congress should pass legislation immediately with an effective date of May 2014 to prevent companies from effectively renouncing their citizenship to get out of paying taxes,” said Robert Stack, deputy assistant secretary at the Treasury.
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I personally think any of the slimy businesses that do this should be banned from doing business in American, but that's me. In fact, if I had my way, I would put in place laws that break up the multinational corporations for same reasons multinational banks need to be broken up.... again.