Lew urges action to combat corporate tax evasion - Jul. 16, 2014

U.S. Treasury Secretary Jack Lew is urging Congress to act to prevent U.S. companies shifting their headquarters abroad to benefit from a lower tax rate.

"Congress should enact legislation immediately -- and make it retroactive to May 2014 -- to shut down this abuse of our tax system," Lew wrote in a letter to Senate Finance Committee Chairman Ron Wyden.

Lew urges action to combat corporate tax evasion - Jul. 16, 2014