[IMGCAP(1)]The perpetual drumbeat for tax reform continues to echo around Capitol Hill.

On August 5, Senators Richard Durbin, D-Ill., Elizabeth Warren, D-Mass., and Jack Reed, D-R.I. urged President Obama to take independent action to stop the tax-avoidance practice commonly known as corporate inversions. Their plea was made to the deserted corridors of the Capitol, as Congress has left Washington, D.C., for its August recess. The Administration has suggested that executive authority might be exercised to prevent inversions, albeit only as an alternative to Congress not moving forward with tax reform.  

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access