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Study: Tax code facilitates foreign takeovers of U.S. companies
2015-03-11 21:53:02| Beverages - Topix.net
The tax system encourages foreign companies to purchase U.S. companies, according to a study released Wednesday by the Business Roundtable, a group of chief executive officers. Had the U.S. cut its corporate tax rate to 25 percent from 35 percent, U.S. companies would have acquired $590 billion in cross-border assets over the past decade rather than losing $179 billion, according to the study.
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