• Bloomberg: McLernon: Focus on U.S. Tax Code Fix, Not Inversions
    President & CEO Discusses How Treasury's Regulations Could Chill FDI
  • Europe Groups Fear Being Caught in US Tax Crackdown
    Multinationals Hope To Prevent Becoming Unintended Targets Of Anti-Inversion Legislation
  • Red Tape and Retroactively Raising Taxes Won’t Create Jobs
    Thoughts On The Proposed Corporate Inverters Earnings Stripping Reform Act
  • ‘Inversion Fixes’ Must Not Threaten Foreign Investment
    OFII Applauds Secretary Lew For Recognizing The Importance Of FDI
  • The Hill: US Tax System Is A Global Punchline
    Nancy McLernon Cautions Policymakers Against Legislation That Would Inadvertently Hurt FDI
  • WSJ: Firms Warn Inversion Crackdown Carries Risks
    Foreign-Owned Companies Cite Possible Cuts in US Jobs, Investment

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Global companies employ over 5.6 million Americans.

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    TE Connectivity completes acquisition of Measurement Specialties Inc

    Aerospace Manufacturing and Design

    TE Connectivity announced that the company has completed the acquisition of Measurement Specialties Inc. Measurement Specialties is a global designer and manufacturer of senor-based systems. The acquisition establishes TE as a leader in a very attractive high-growth sensor market, according to Tom Lynch, TE Connectivity chairman and CEO. Measurement Specialties will be included as part of TE’s Transportation Solutions segment.

    Areva Wins Contract to Build Brazil’s Biggest Biomass Plant

    Bloomberg Businessweek

    Areva, Inc. won a contract to construct a 150-megawatt biomass plant for Brazilian utility BOLT Energias. The biomass power plant will be the largest biomass facility in Brazil, and is scheduled to start operations in 2017. 

    Read the full article HERE

    Astellas Collaborates with Harvard for Retinal Degeneration Treatment

    Massachusetts: Drug Discover & Development

    Astellas Pharma announced a research collaboration with Harvard Medical School to focus on discovering the pathologic mechanism for retinitis pigmentosa. In other words, they will team up to provide a new therapeutic treatment option with a view of a gene therapy to retinitis pigmentosa patients who have difficulty maintaining good vision.

    Read the full article HERE

    Press Releases

    POTUS Backdrop Brought to You by Insourcing

    Insourcing companies – like Toyota – have helped America’s manufacturing comeback

    WASHINGTON – Nancy McLernon, president and CEO of the Organization for International Investment (OFII), issued the following statement in conjunction with President Obama’s visit to Millennium Steel as part of Manufacturing Day:

    Red Tape and Retroactively Raising Taxes Won’t Create Jobs

    WASHINGTON – Nancy McLernon, president and CEO of the Organization for International Investment (OFII), issued the following statement in response to Senator Charles Schumer’s introduction of the Corporate Inverters Earnings Stripping Reform Act, intended to curb corporate expatriations:

    ‘Inversion Fixes’ Must Not Threaten Foreign Investment

    OFII applauds Secretary Lew for recognizing the importance of foreign investment

    WASHINGTON – Nancy McLernon, president and CEO of the Organization for International Investment (OFII), issued the following statement in response to U.S. Secretary of Treasury Jack Lew’s comments this morning regarding efforts to curb corporate expatriations:                               

    So-Called ‘Inversion’ Fixes Threaten Foreign Investment

    OFII urges caution in efforts to limit corporate inversions so that historic foreign companies are not inadvertently impacted

    WASHINGTON – Nancy McLernon, president and CEO of the Organization for International Investment (OFII), issued the following statement after sending comments to the Senate Finance Committee regarding legislation intended to curb corporate expatriations:

    In the News

    TE Connectivity completes acquisition of Measurement Specialties Inc

    Aerospace Manufacturing and Design

    TE Connectivity announced that the company has completed the acquisition of Measurement Specialties Inc. Measurement Specialties is a global designer and manufacturer of senor-based systems. The acquisition establishes TE as a leader in a very attractive high-growth sensor market, according to Tom Lynch, TE Connectivity chairman and CEO. Measurement Specialties will be included as part of TE’s Transportation Solutions segment.

    Areva Wins Contract to Build Brazil’s Biggest Biomass Plant

    Bloomberg Businessweek

    Areva, Inc. won a contract to construct a 150-megawatt biomass plant for Brazilian utility BOLT Energias. The biomass power plant will be the largest biomass facility in Brazil, and is scheduled to start operations in 2017. 

    Read the full article HERE

    InterContinental Hotels & Restaurants bag twenty-two awards at WTA ’14

    FnBNews

    InterConinental Hotels and Restaurants received 22 awards at the 2014 World Travel Awards which took place in New Delhi. IHG was recognized as Asia’s leading luxury business hotel brand for the first time. The company also received awards for Asia’s leading business hotel brand for the third year in a row, and the award for Australia’s leading hotel brand for the third time.

    Read the full article HERE

    BHP Billiton And Rio Tinto Risking A Monopoly Investigation

    Forbes

    Two of the world’s largest mining companies might be under investigation due to attempts to protect their share of the world iron ore market. Both miners breached international trade rules by deliberately expanding to thwart competition. Chris Barnett, head of the West Australian state government, thinks BHP Billiton and Rio Tino might be behaving in monopolistic ways.

    Read the full article HERE

    E-Newsletter

    A Week of Trade and Investment

    While Washington is focused on competitive elections, I wanted to remind you of how important trade is to keeping America competitive in the global race for job creation.

    The Fall Rush Is Here

    The past two days have been important ones as OFII held its annual General Counsel Conference here in Washington.  Chief legal officers of U.S.

    The 'Inversion' Diversion

    The recent spate of so-called corporate “inversions” – where an American company relocates its global headquarters to another country through a purchase of a foreign company – is the latest political diversion from policies that will make America more economically competitive.  Ostensibly, these inversion deals are undertaken to lower a company’s tax burden.  However, Washington’s response to-date will not only have little impact on such transactions, 

    Updates on Tax Treaties, AGI Caucus and CFIUS Ruling

    On Wednesday, the U.S. Senate Committee on Foreign Relations favorably marked-up bilateral tax treaties with Spain and Poland. Bilateral tax treaties and protocols are extremely important in promoting a competitive environment for foreign investment in the United States. Movement on these two treaties signal that the United States is serious about creating jobs here at home by welcoming investment from abroad. The Senate must act quickly to ratify these treaties, as well as others that are awaiting Floor action, including treaties with Chile, Hungary, Luxembourg and Switzerland.