September 09,2014

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Lindsey Held: 202-224-4515

Wyden Statement on Addressing Inversions

Senate Finance Committee Chairman Ron Wyden, D-Ore., today issued the following statement on discussions with Senator Hatch to address corporate inversions:

“Following efforts in August, it’s clear there is an opportunity for bipartisan agreement on short-term legislation that will make inversions less attractive. We continue to work closely with Senator Hatch and his staff to protect the American taxpayer by taking the juice out of these transactions and limiting tax preferred leverage. As we press ahead, we continue to believe that any legislation addressing inversions must bridge to comprehensive tax reform.

“This is not some abstract issue about corporate accounting. Without a bipartisan stopgap measure in place, we run the risk of having our business tax base eroded, leaving mainstream American companies and families holding the bill. I’m committed to working across the aisle to find a solution.”