washington u.s. senate senior democratic tax law writer say rip root corporate tax avoidance party win senate control november target trillions dollars tax-deferred profit hold abroad u.s. company interview reuters oregon senator ron wyden say want put end kennedy-era law let u.s. corporations indefinitely hold profit active business operations offshore without pay u.s. tax corporate tax avoidance trans-atlantic assault eu slap 14.5 billion back-taxes bill apple inc. ten days ago obama administration impose another series recent clamp-downs tax avoidance idea end tax deferral foreign profit kick around years wyden 67 long-time proponent might finally able something voters support enough senate democrats nov. elections go front center begin january say wyden top democrat tax law-writing senate finance committee panel full senate presently control republicans wyden say first action become chairman propose fund package upgrade u.s. infrastructure would require u.s. company bring home trillion foreign profit hold offshore part international tax reform package previous tax holiday profit hold offshore try 2004 voluntary mandatory program 360 billion foreign profit repatriate discount tax rate 5.25 percent far statutory corporate income tax rate 35 percent wyden specify rate proposal six years late corporations push another holiday congressional committee say 2004 program little economic impact cost u.s. treasury 3.3 billion lose revenue tax reform wyden envision would also low corporate tax rat simplify convolute u.s. tax code prevent tax planners game system code thoroughly overhaul 30 years first bill gate would roads bridge transportation wyden tell reuters friday sense interest among members use portion money derive international reform roads bridge transportation systems multinationals many lawmakers republicans democrats favor foreign profit repatriation program like one wyden want unite state worldwide corporate income tax system tax profit u.s. company matter make exceptions one earn active business operations oppose passive income rent royalties leave offshore tax-free basis kennedy-era deferral rule passive income tax contrast large countries territorial systems company pay income tax government country profit make corporate america lobby many years territorial system would make deferral obsolete wyden democrats want keep worldwide system eliminate deferral position single criticism last week house speaker paul ryan fear progressives kind control democratic party think anything close look like tax reform good thing ryan tell economic club new york hope view change wyden say public unlikely accept system u.s. corporations pay tax foreign profit time americans angry job ship overseas ... think go go well say competitive rate deferral game go argue get benefit territorial republicans also oppose tie tax reform infrastructure wyden say fail reform tax code could strain u.s. relations european union eu state aid probe continue penalize u.s. company possibly result u.s. action world trade organization democrats republicans feel like european commission declare open season american tax base join us fight tax dodgers say could see members say unite state respond wto case wyden add kind anger u.s. senate 's top tax lawmaker target corporate offshore profit