October 17,2014

Press Contact:

Lindsey Held: 202-224-4515

Wyden Statement on Inversions

Senate Finance Committee Chairman Ron Wyden, D-Ore., today issued the following statement:

“It’s encouraging that companies like AbbVie, and their shareholders, recognize the strategic business value of remaining an American company.   I’m confident that the enduring value of being an American enterprise with the most skilled, productive workforce in the world will continue to help U.S. companies compete and thrive in the global economy.

“While it looks like the rush of inversions is slowing, we are continuing to examine the issue while focusing on fixing the root problem – our broken tax code.  I’m committed to continued work across the aisle to close loopholes and get bipartisan, comprehensive tax reform done.”