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View Diary: Paul Krugman: United States will Look like Ireland if Romney is Elected President (28 comments)

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  •  Also known as the "Double Dutch" (3+ / 0-)

    I've sat through seminars by Deloitte on tax avoidance. There's the Double Dutch - as well as Swiss avoidance.

    Dutch corp taxes, in theory are 25%, and Swiss taxes vary by canton from 13-19% if memory serves with 15% being a median.

    However, US corp tax rates area already pretty low in practice -  19-20% unless you're in a growth industry or a virtual industry in which case the corp is nearly tax free.

    Pretty disgusting.

    •  I thought it was called the "Dutch Sandwich" (0+ / 0-)

      Still, it's a scam and I'll bet Romney knows how to pull them off without having to check his tax returns.

      All my sig lines are hand-crafted by demented elves living in my skull.

      by ontheleftcoast on Tue Jun 19, 2012 at 10:20:03 PM PDT

      [ Parent ]

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