The Hill - Clinton, Sanders back Treasury's new actions on offshore tax deals

I do think that differences between Hillary and Bernie are sometimes overstated on the campaign trail. Both believe in climate change. Both supported the Iran Nuclear deal. Both support the Treasury's recent efforts to attack inversions.

http://thehill.com/policy/finance/275221-clinton-sanders-back-treasurys-new-actions-on-offshore-tax-deals

The Democratic presidential candidates are backing the Obama administration’s latest actions aimed at deterring companies from moving their headquarters overseas to lower their taxes.

“The Treasury’s new rules have put profitable corporations on notice that their greed will not be allowed to continue,” Bernie Sanders said in a statement Tuesday released through his Senate office.

Sanders said “the rules appear to eliminate the $35 billion in tax breaks that the pharmaceutical giant Pfizer would have received from its planned offshore merger.” He also called on Congress to pass legislation that would stop inversions altogether.

The Treasury Department on Monday issued new guidance that targets “corporate inversions,” or transactions in which U.S. companies merge with foreign businesses and then reincorporate in a foreign country for tax purposes. Both Sanders and Hillary Clinton have criticized inversions and have put forth proposals aimed at stopping them.