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Treasury Department Targets Corporate Inversions03:38
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U.S. Secretary of the Treasury Jacob Lew testifies at a hearing before the House Foreign Affairs Committee July 28, 2015 on Capitol Hill in Washington, D.C. (Olivier Douliery/Getty Images)
U.S. Secretary of the Treasury Jacob Lew testifies at a hearing before the House Foreign Affairs Committee July 28, 2015 on Capitol Hill in Washington, D.C. (Olivier Douliery/Getty Images)
This article is more than 4 years old.

The Treasury Department has announced new rules aimed at preventing companies from reincorporating overseas to reduce their tax bill.

Treasury Secretary Jack Lew said the rules were necessary because some firms have been trying to benefit from "an environment that allows them to move their tax residence overseas."

Here & Now's Jeremy Hobson looks at the new rules with Zach Mider of Bloomberg News.

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This segment aired on November 20, 2015.

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