Following a House Ways and Means Committee retreat held 1 February 2016, Committee Chair Kevin Brady R-TX announced that Tax Policy Subcommittee Chair Charles W. Boustany Jr. R-LA has been tasked with the drafting of an international tax reform bill. The legislation will reportedly focus on countering corporate Inversions, the introduction of an innovation (IP) box regime with a reduced tax rate, and lowering the barriers for the reinvestment in the U.S. of profits earned overseas. Although n…