• 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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    Umicore focuses on electronic waste disposal

    Metal Powder Report 

    Umicore has teamed up with a non-profit organization, WorldLoop, to improve the process of disposing waste from electronic devices in Africa. The centers set up by WorldLoop have already collected and dismantled more than 954 tons of e-waste. Since the start of the companies collaboration, around 25 tons of circuit boards waste have already been sent to Umicore’s recycling facility near Antwerp. 

    Read the full article HERE

    Voya Financial Offers $500 Investment To Every Baby Born On Oct. 20, 2014

    InsuranceNewsNet

    Voya Financial announced that it was offering every baby born in the U.S. on October 20th, 2014 a $500 mutual fund investment as a head start on their future retirement savings. Voya’s campaign, “Voya Born to Save,” was introduced to celebrate National Save for Retirement Week and support the next generation on its path to retirement readiness. “Voya Born to Save” program is a reminder that people can start retiring at any age.

    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.

    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

    Voya Financial Offers $500 Investment To Every Baby Born On Oct. 20, 2014

    InsuranceNewsNet

    Voya Financial announced that it was offering every baby born in the U.S. on October 20th, 2014 a $500 mutual fund investment as a head start on their future retirement savings. Voya’s campaign, “Voya Born to Save,” was introduced to celebrate National Save for Retirement Week and support the next generation on its path to retirement readiness. “Voya Born to Save” program is a reminder that people can start retiring at any age.

    Umicore focuses on electronic waste disposal

    Metal Powder Report 

    Umicore has teamed up with a non-profit organization, WorldLoop, to improve the process of disposing waste from electronic devices in Africa. The centers set up by WorldLoop have already collected and dismantled more than 954 tons of e-waste. Since the start of the companies collaboration, around 25 tons of circuit boards waste have already been sent to Umicore’s recycling facility near Antwerp. 

    Read the full article HERE

    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.

    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.