... several multinational corporations (along with their Republican allies) have been pushing Congress to enact a tax repatriation holiday, allowing them to bring money they have stashed offshore back to the U.S. at a dramatically lower tax rate. Usually, money brought back to the U.S. is subject to the statutory corporate tax rate of 35 percent.
Corporations Behind 'WinAmerica' Tax Holiday Campaign Already Pay Extremely Low Taxes
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Seeded on Thu Mar 24, 2011 1:41 PM
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