Trump to order review of Obama tax inversion rules — Mnuchin

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WASHINGTON (April 21): President Donald Trump on Friday will order the US Treasury Department to review Obama-era rules written to discourage US companies from moving their headquarters overseas to cut their tax bills, Treasury Secretary Steven Mnuchin said.

Mnuchin told reporters at a briefing that an executive order to be signed by Trump later in the day will direct Treasury to review tax-related regulations adopted over the past 18 months under former President Barack Obama.

Asked if that would include rules against tax-driven foreign corporate deals known as inversions, Mnuchin said: "It's one of the significant things and one of the things we would be looking at."