Territorial Tax Is the Answer to Inversion Deals: George

The transcript discusses the implications of new tax rules on U.S. companies, particularly focusing on the Medtronic deal. It highlights the challenges posed by cash trapped overseas and the need for tax reform. The discussion also covers the legal complexities and political dynamics involved, emphasizing the uncertainty created by these regulations. The speaker suggests that comprehensive tax reform is necessary to address the underlying issues and make U.S. companies more competitive globally.

What options does the speaker believe Medtronic has regarding the Treasury Department's regulations?

What does the speaker imply about the collaboration between the Democratic and Republican parties in Congress?

What underlying problems does the speaker believe need to be addressed in the U.S. tax system?