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Wasteful Subsidies

In The Public Interest: A (Non)Taxing Issue

Phineas Baxandall | Posted 05.25.2011 | Politics
Phineas Baxandall

Many large companies use offshore subsidiaries and creative tax planning to lower their tax rates at the expense of the rest of us. As legislators wring their hands over missing budget funds, it is eye-popping to see where much of the money has gone.