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View Diary: Tax holiday would kill jobs, not create them (48 comments)

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  •  Not illegal, true, but taxable? Yes! (0+ / 0-)

    We should be sure that no tax is escaped by the ploy of offshoring income.

    As far as the rate at which income is taxed, a lot of corporations seem to be reporting no or little US taxable income, and thereby paying a heckuva lot less than the US's "effective rate." Remember that one of the GOP's tax talking points is that the US corporate tax rates are sooo high. compared to other countries.

    So, as long as we're asking: are we sure those corporations making a lot of money but nevertheless escaping US taxes at the full corporate rate are not getting a credit in the US for foreign taxes paid?

    Obama and strong Democratic majorities in 2012!

    by TRPChicago on Wed Oct 05, 2011 at 08:58:42 PM PDT

    [ Parent ]

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