Companies Bulk Up Tax Lobbying as Obama Seeks to Curb Inversions

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U.S. companies that want to lower tax bills by moving their legal address overseas have bulked up their lobbying efforts since April as the Obama administration and some lawmakers seek to curb the practice.
In total, nine companies that have sought cross-border mergers, are considering doing so or are targets of such deals have begun lobbying on legislation to stop the practice, federal disclosure reports show.
They include Medtronic Inc., the Minneapolis-based company that is trying to acquire Dublin, Ireland-based Covidien Plc. Medtronic hired Breaux-Lott Leadership Group in June for $200,000 to block legislation from moving forward. The bipartisan lobbying powerhouse includes former Sens. John Breaux (D-La.) and Trent Lott (R-Miss.).