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Recalling Inversions   The U.S. tax code became increasingly uncompetitive from the late 1980s onward, resulting in a series of corporate expatriations, or inversions, whereby firms would reorganize abroad to escape the U.S. tax system. This phenomenon largely ceased following the enactment of the Tax Cuts and Jobs Act (TCJA) in 2017; since the TCJA’s passage, not a single major inversion has been reported. The Biden Administration is proposing to return the United States to its former uncompetitive tax system, replete with higher corporate rates and an outmoded international tax regime, that saw inversions occur with some regularity.     The United States was slow to recognize the significance that corporate tax policies can have on the international competitiveness of its firms. While the United States has been home to the world’s most innovative enterprises, that innovation often came despite a tax code that became singularly disadvantageous to the nation’s busines

United statesAndrew lyonBush treasury departmentOrganisation for economicBiden administrationTreasury departmentCommittee on taxationAssurant incSara leeTax cutsJobs actTax policyTax reform actUnited stateEconomic cooperationBush treasury