The Obama administration will need more than a few weeks to weigh potential administrative actions to discourage U.S. companies from reducing their tax bills by moving to other countries, a Treasury Department official said on Monday.
The official said staff at the U.S. Treasury was assembling a list of options for Treasury Secretary Jack Lew.
"The issues are complex, so the work will not be done in a week or two,'' said the official, who asked not to be identified.
"The secretary is hoping to have recommendations from his team in the near future,'' the official said.
— By Reuters