In last decade, 47 corporations have moved their address overseas to pay less U.S. taxesA Spike in Corporate Inversions

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AOE Corporation Alkermes DutchCo Stratasys TE Connectivity Mallinckrodt Pharmaceuticals

TIMELINE

1 9 8 3

•McDermott International

Source :Congressional Research Service* Represents companies that inverted between 2009 and 2014.

•Helen of Troy

&•Santa Fe Int’l

1999

•White Mountain Ins.•Transocean•PXRE Group

•Trenwick•Xoma

•Everest Reinsurance•Applied Power

•R&B Falcon

2001

•Global Santa Fe Corp.•Foster Wheeler,

•Accenture•Global Marine

•Noble Corp.•Cooper Industries•Weather ford Int’l•Ingersoll-Rand•PWC Consulting Ltd.

2012

1 9 9 4 1 9 9 6 1 9 9 7 1998 2000

2005

2009

2013

2010

2008

2002

2007

•Star Maritime Acquisition Group•Fluid Media Network

•Western Goldfields•Lincoln Gold

•Arcade Acquisition Grp•Energy Infrastructure

•Ascend Acquisition•Acquisition Grp.

•Foster Wheeler•Patch Int’l Inc

•Tyco Electric•ACE Limited

•Hungarian Telephone & Cable Corp.•2020 ChinaCap Acquisition

•InterAmerica Acquisition•Ideation Acquisition Grp.•Vantage Energy Services

• Alyst Acquisition Grp.•Alpha Security

•ENSCO Int’l

•Plastinum Polymer Tech Corp.•Valient/Biovail

2011

•Alkermes, Inc

•Pentair•Rowan Companies•AON•Tronox Inc•Argonaut•Jazz Pharmaceuticals / Azur Pharma•D.E. Master Blenders•Eaton/Cooper

•Cadence Pharmaceuticals•Actavis / Warner •Chilcott

•Endo Health Solutions•Liberty Global PLC

2014

2004•Gold Reserve

•Playstar

29

In the lastdecade

Legislation to tighten rules tolimit inversions would savetaxpayers nearly $20 billionover ten years .

47

In 20 years