How Inversions Leaped From the Shadows to Doom Antonio Weiss
Antonio Weiss, global head of investment banking at Lazard Ltd., speaks at the Bloomberg Markets 50 Summit in New York, U.S., on Thursday, Sept. 13, 2012.
Photographer: Jin Lee/BloombergThis article is for subscribers only.
– So how did the previously obscure term tax inversions become part of Washington parlance, fodder for the next presidential campaign and the issue that helped derail a U.S. Treasury nominee?
Thank, or blame, depending on your perspective, cutting-edge tax lawyers, populist Democrats, a banana seller, a drugmaker, a hamburger chain, the 35 percent U.S. corporate tax rate, and a Wall Street banker named Antonio Weiss.