Treasury Cracks Down on Tax Inversions

The video covers the President's upcoming address at the United Nations, focusing on climate change and counterterrorism. It also discusses the Obama administration's efforts to curb tax inversion deals, highlighting the role of Treasury Secretary Jack Lew. Finally, it provides an update on the financial market, specifically the Citizens Financial IPO, which is the largest banking IPO since Goldman Sachs in 1999.

What is the primary focus of the President's address at the United Nations?

• Economic growth

• Education policies

• Healthcare reform

• Climate change and counterterrorism

What is the Obama administration trying to address with its recent actions?

• Military spending

• Tax inversion deals

• Education policies

• Healthcare reform

What is a tax inversion deal?

• A strategy to move a company's tax base to a foreign country

• A merger between two U.S. companies

• A tax break for small businesses

• A government subsidy for local businesses

Which company is being spun off from RBS?

• Bank of America

• Citizens Financial

• Wells Fargo

• Goldman Sachs

What is significant about the Citizens Financial IPO?

• It is the first IPO of 2023

• It is the largest banking IPO since Goldman Sachs in 1999

• It is the smallest IPO in history

• It is a joint venture with a foreign bank