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Multnational Corporations

Exempting Foreign Profits From Taxes Will Hurt US Economy

Martin Lobel | Posted 05.14.2013 | Business
Martin Lobel

Multinational corporations are aggressively pursuing a stealthy campaign to eliminate taxes on their "foreign" profits. Of course, such a policy is contrary to the Obama administration's objective to create jobs and will hurt domestic companies that have to pay taxes on their profits.