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Corporations offshoring profits costs both the federal government and states billions of dollars per year. One of the more egregious giveaways is known as “deferral,” which allows U.S. corporations to avoid paying taxes on overseas profits until they bring that money back to the U.S., giving them every incentive to leave it overseas permanently.

More at http://thinkprogress.org/economy/2013/02/07/1554221/sanders-corporate-tax-bill/

 

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