HAPPENING NOW—Chairman @senorrinhatch discussing #taxreform on the @SenateFloor. https://www.senate.gov/floor/
Chairman Hatch: "In the 20 years between 1983 and 2003 there were just 29 corporate inversions out of the United States." #taxreform
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Chairman Hatch: "In the 11 years between 2003 & 2014 there were 47 – nearly double the number in half the amount of time."
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"This type of system is antiquated—The vast majority of our foreign counterparts have already done away with worldwide taxation."
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Chairman Hatch: "U.S. companies all too often pay more taxes than their foreign competitors, putting them at a disadvantage."
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Chairman Hatch—"With bipartisan recognition of the need for reform, we owe it to the American people to work together and fix this problem."
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What is a corporate inversion?
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