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Who Is The Bad Guy?
March 30th, 2011
As the United States budget deficit currently looms large in the national conversation, Lesley Stahl of CBS News’ 60 Minutes explored American companies’ use of tax havens this past Sunday (Watch the full segment in the video below). Every year, U.S. companies avoid paying $60 billion in tax by moving the “headquarters” of their corporations abroad, at least on paper. As Stahl notes, this is not a new issue as American companies also moved their assets abroad in...
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