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Sen. Joe Manchin, Democrat of West Virginia, speaks to reporters about the compromise bill that could substantially alter a tax provision called the "carried interest loophole." Anna Moneymaker/Getty Images hide caption

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Anna Moneymaker/Getty Images

U.S. Treasury Secretary Jacob Lew has announced rules aimed at discouraging U.S. companies from moving their headquarters overseas to cut their tax bills. Win McNamee/Getty Images hide caption

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Win McNamee/Getty Images

Ireland (shown here in this Dingle Peninsula photo) has been among the greenest pastures for countries seeking to reduce their tax liabilities through a process called "corporate inversion." iStockphoto hide caption

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iStockphoto

White House Urges Lawmakers To Address Popular Tax Dodge

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Ty Warner, creator of Beanie Babies toys, attends the 2003 American International Toy Fair in a rare appearance to celebrate the 10th anniversary of the Beanie Babies toy line. Chris Hondros/Getty Images hide caption

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Chris Hondros/Getty Images