Levin Statement on Reported Burger King Inversion
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.”
For information on corporate inversions and proposed legislation, click here.