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U.S. Companies Dodging $60 Billion In Taxes


First Posted: 05/14/10 02:02 AM ET Updated: 05/25/11 05:30 PM ET


Tyler Hurst swiped his debit card at a Walgreens pharmacy in central Phoenix and kicked off an international odyssey of corporate tax avoidance.

Hurst went home with an amber bottle of Lexapro, the world's third-best selling antidepressant. The profits from his $99 purchase began a 9,400-mile journey that would lead across the Atlantic Ocean and more than halfway back again, to a grassy industrial park in Dublin, a glass skyscraper in Amsterdam and a law office in Bermuda surrounded by palm trees.

Read the whole story: Bloomberg

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Filed by Adam J. Rose  |