October 31,2019

Wyden Statement on Weakening of Anti-Inversion Rules

Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released the following statement in reaction to the Treasury Department weakening the Obama administration’s anti-inversion rules: 

“The corporations that got a massive taxpayer handout are getting another gift from Donald Trump. The Obama administration had essentially shut down inversions—transactions whose only purpose is to help big multinational corporations move overseas to avoid paying taxes. Weakening these rules only provides an opening for corporations to again dodge their taxes.”