WASHINGTON - Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released the following statement after the Senate Finance Committee met with Treasury Secretary Jack Lew to discuss the proposed section 385 regulations:
“We must stop erosion of the American tax base from the inversion virus," said Wyden. “We can’t sit on our hands while companies move their headquarters overseas to avoid paying taxes and expect working families to pick up the tab. We’re committed to working with Treasury to get this right so that the regulations don’t interfere with routine business transactions."
