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Levin Statement on Potential AbbVie Inversion

Statement

Date: July 14, 2014
Location: Washington, DC
Issues: Business and Consumers

Ways and Means Committee Ranking Member Sander Levin (D-MI) today made the following statement in response to reports that Chicago-based pharmaceutical company AbbVie plans to reincorporate in England by purchasing London-based pharmaceutical company Shire:

"This is another wake-up call that corporate inversions present an immediate problem that requires urgent action. Unfortunately, Republicans remain asleep at the switch. Action on this critical issue cannot wait for comprehensive tax reform."


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