U.S. Democrats to target companies moving overseas to dodge taxes

By Kevin Drawbaugh WASHINGTON (Reuters) – Corporate tax-dodging deals known as inversions, in which a U.S. multinational shifts its tax domicile to a lower-tax country, would be restricted under legislation to be proposed in both houses of Congress by Democrats on Tuesday. Representative Sander Levin and Senator Carl Levin, brothers from Michigan, will both propose bills, aides said. But analysts said it was unlikely that legislation could win approval anytime soon with Congress deadlocked over fiscal policy. But for now odds of enactment are well below 50 percent," said Greg Valliere, chief political strategist at the independent Potomac Research Group.