Levin Statement on Reported Burger King Inversion

The following press release was published by the U.S. Congress Committee on Ways and Means on Aug. 25, 2014. It is reproduced in full below.

Ways and Means Committee Ranking Member Sander Levin (D-MI) today made the following statement regarding news reports that Burger King has plans to invert with Canadian company Tim Hortons:

The reported deal with Burger King, an American company, highlights the need for Congress to act with urgency to keep companies in the U.S. rather than moving abroad. We need to seriously examine the reasons behind this reported deal and take steps in the immediate future to prevent further erosion of the U.S. tax base."

Source: U.S. Congress Committee on Ways and Means