U.S. Senate Finance Committee Chair Ron Wyden (D-OR) has released the updated text of the Finance Committee’s title of the Build Back Better Act. The tax measures of the Finance Committee’s version of the legislation are largely in line with the version passed in the House of Representatives in November, although there are some changes.
One of the main changes is the addition of new measures concerning corporate inversions. Under current rules, if there is a continuity of ownership of 80% …