WASHINGTON/NEW YORK: Tough new US rules on corporate "inversions" on Tuesday sent a chill through the market for the tax-avoidance deals, both pending and potential, with share prices falling sharply in nearly a dozen companies on both sides of the Atlantic.
As investors sold stocks involved in inversions, in which US companies escape high taxes at home by re-domiciling abroad, analysts and tax lawyers were surveying the damage to deals currently in the works and the outlook for future transactions.
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