US Treasury to take time to weigh options on tax inversions: Official

U.S. Treasury
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U.S. Treasury

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.

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"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