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Beyond Inversions: Pursuing Comprehensive Tax Reform

The recent uptick in U.S. companies seeking to reincorporate overseas underscores the long overdue need to modernize our nation’s international tax system. Comprehensive tax reform is the best approach to addressing the fundamental dysfunctions of the current U.S. tax code. Doing so will require the White House  and Congressional leaders from both sides of the… Read More

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Forbes: No Inversion Is Not Unpatriotic. Yes We Need Corporate Tax Reform

By Yevgeniy Feyman - Several recent high profile deals have directed media and public attention to the topic of “tax inversion,” whereby a company moves its headquarters overseas (usually in an M&A deal) in order to reduce its tax burden. According to the Wall Street Journal (citing Thomson Reuters) there have been 22 such deals since 2011, with the… Read More

Beyond Inversions: Pursuing Comprehensive Tax Reform

The recent uptick in U.S. companies seeking to reincorporate overseas underscores the long overdue need to modernize our nation’s international tax system. Comprehensive tax reform is the best approach to addressing the fundamental dysfunctions of the current U.S. tax code. Doing so will require the White House  and Congressional leaders from both sides of the… Read More

Beyond Inversions: Pursuing Comprehensive Tax Reform

The recent uptick in U.S. companies seeking to reincorporate overseas underscores the long overdue need to modernize our nation’s international tax system. Comprehensive tax reform is the best approach to addressing the fundamental ailments of the current U.S. tax code. Doing so will require the White House Administration and policymakers from both sides of the aisle to work with business leaders to make tax reform a reality. A modern international tax system, one designed for the 21st century, would directly benefit American workers and communities through increased investment, job growth and overall greater opportunity.

Corporate taxes aren’t corporate patriotism

By Robert J. Coury – For the last several weeks, President Obama, politicians, Washington insiders and some in the media have filled the airwaves with inflammatory rhetoric about “inversion” transactions, in which U.S. companies reincorporate overseas. They suggest that such companies are “unpatriotic” and “corporate deserters” — serious charges to level against companies that, even… Read More

Washington’s Out-of-Date Tax Code Is Destroying Jobs

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By Senator Rob Portman (R-OH) – Our out-of-date tax code is turning American businesses into economic refugees. In the last five years alone, over thirty-five American companies have inverted, buying smaller foreign firms—often for more than they are worth—and moving their headquarters overseas. Why would they do such a thing? Usually it’s to escape a… Read More