"Crazy corporate tax loopholes? 'Inversions' are small potatoes"

[applegrove]

Crazy corporate tax loopholes? 'Inversions' are small potatoes

CNN Money

http://money.cnn.com/2014/09/23/news/economy/corporate-taxes-inversions-and-other-loopholes/index.html?iid=HP_LN

"SNIP.........................



Before the Treasury came out with new rules on Monday, the Joint Committee on Taxation had estimated that U.S. companies that invert could cost federal coffers about $20 billion in lost revenue over the next decade.

Compare that to the roughly $400 billion it will cost over the same decade if lawmakers choose to re-up the "temporary" corporate tax breaks that expire every few years and are regularly extended, according to the Committee for a Responsible Federal Budget.

Not every corporate tax break is bad. Far from it.

But some are dumb; others are mistargeted or engineered by special interests. And some, like those companies can exploit when inverting, are used in ways lawmakers never intended.




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[msongs]

1. dems and repubs know who butters their bread nt