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View Diary: $166 Billion put in Offshore Accounts by 60 US Corporations in 2012 to Avoid Taxes (31 comments)

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  •  it comes from the Kennedy administration. (1+ / 0-)
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    we were focused on increasing exports, which meant capital export neutrality: ensuring that US businesses were on an equal tax footing when competing against foreign competitors in their home countries.  that's still an important goal, although it may be overridden by domestic horizontal tax equity. (ie, fairness)

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