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Clinton to propose 'exit tax' for mergers
2015-12-07 12:26:10| Biotech - Topix.net
Hillary Clinton on Wednesday will unveil a proposal for a new "exit tax" aimed at cracking down on corporate inversions, a practice that permits U.S. companies to merge with corporations overseas to lower their tax bill. The new tax would be part of a broader effort to target what experts say is roughly $2 trillion in profits U.S. companies are hoarding abroad to reduce their taxes.
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Category:Biotechnology and Pharmaceuticals
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