The U.S. expects to rake in $332.7 billion in corporate income tax this year, more than 20% above the $273.5 billion it collected last year. That figure could rise as high as $528 billion by the end of 2017, according to White House projections. But as more companies, such as medical-device maker Medtronic Inc., aim to leave U.S. shores for lower tax havens, that figure could shrink.
Inversions could cost the U.S. government almost $19.5 billion in lost tax revenue over the next decade, according to recent projections from the bipartisan Joint Committee on Taxation.
Read more: The Wall Street Journal