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tax holiday

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Matt Taibbi: The Evil Corporate Tax Holiday Is Baaaaaack!

In a new blog post in Rolling Stone, Matt Taibbi writes about a bi-partisan bill called "Freedom to Invest Act," which would "temporarily" reduce the effective corporate tax rate to 5.25 percent for all profits corporations earned abroad if the funds are brought back into the U.S. The amount in question is about $1 Trillion, which would otherwise be taxed at 30 to 40%. Read below the fold...

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