The U.S. Chamber of Commerce and a Texas business group sued the federal government, alleging the Treasury Department’s rules limiting tax-motivated inversion transactions violate the law. The lawsuit filed Thursday charges the government rewrote the Internal Revenue Code itself after Congress wouldn’t go along with President Barack Obama’s proposed legislative changes to limit inversions. “This is not the way government is...

Source: Wall Street Journal August 04, 2016 17:43 UTC