WASHINGTON, DC - Ways and Means Committee Ranking Member Sander Levin (D-MI) issued the following statement after U.S. Treasury Secretary Jacob Lew sent a letter today to Rep. Levin, informing him that Treasury plans to issue additional guidance later this week to help curb corporate inversions:
“The fact that American companies, including Pfizer, continue to pursue inversions makes clear that additional steps are needed to stop this trend. I am encouraged that Treasury intends to take additional steps to curb tax inversions, but also recognize that their authority in this area is not unlimited - as Secretary Lew noted today. Congress should get off the sidelines and take action to change the law to stop these tax-motivated inversions."
