On 11 October 2016, both sides filed motions in the case of Chamber of Commerce of the United States of America et al. v. IRS et al. in an attempt to end the case on technical grounds. The plaintiffs have asked a U.S. District Court to set aside the so-called Multiple Acquisition Rule that applies in relation to the inversion thresholds under IRC § 7874 in an effort to respond to the government’s motion to dismiss for lack of subject matter jurisdiction.
Motion for Summary Judgment
In its …