Look to Hatch for Movement on Inversions After Recess, Expert Says

For over 50 years, Bloomberg Tax’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...

Aug. 27 — As lawmakers return to Capitol Hill after the August recess, addressing corporate inversions will be a top priority, and the person to follow may be the Senate Finance Committee's ranking member Orrin Hatch (R-Utah), a top practitioner and former Hill counsel said during a webcast.
“We'll have to be watching what reaction Hatch will have when Congress comes back, to see if he will introduce his own legislation,” John Gimigliano, principal in charge of federal legislation and regulatory services for KPMG's Washington National Tax practice , said Aug. 27.
Several Democratic lawmakers, including Sen. Carl Levin (Mich.), Rep. Sander Levin (Mich.) and Sen. Charles Schumer (N.Y.), have proposed measures to curb inversions—international corporate mergers that can be undertaken for tax purposes—but a bipartisan deal has yet to materialize (158 DTR G-2, 8/15/14).

Request Daily Tax Report