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."
