November 19,2015

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Wyden Statement Regarding New Treasury Guidance on Inversions

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

“We welcome efforts from Treasury to curb overseas tax inversions. Ultimately it’s up to Congress to deliver tax policy that better equips companies to compete and succeed by staying in the U.S.  And the only way to get that done, and end the inversion virus that is plaguing our country, is through true bipartisan tax reform.

“Inversions are a red flag on the urgent need for tax reform.  If we want to protect the economic strength of the U.S. and create jobs, this must be a top priority for all lawmakers in the year ahead.  With leadership in both the House and Senate recognizing the importance of fundamental tax reform, there’s no reason we shouldn’t be able to get there.”