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View Diary: MI-Sen: Carl Levin's (D) Cut Unjustified Tax Loopholes Act Would Raise $200 Billion In Revenue (20 comments)

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  •  How about eliminating deductions from 'costs' (0+ / 0-)

    generated by transactions between a corporation and its affiliates, so that teeny offshore entities cannot enter into deals with the Daddy companies affiliated with it whose purpose is to eliminate US income of the Daddy company. If the companies are close enough to one another,  why should they be treated as separate entities for deduction generating purposes?

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