Comment on Loophole in GOP tax bill will allow corporations to hide even more money overseas

Loophole in GOP tax bill will allow corporations to hide even more money overseas

(Credit: AP/Charles Krupa/Getty/tiero/Salon) President Donald Trump’s tax reform bill may have actually made it easier for companies to save billions of dollars in taxes on the profits they stash overseas. Thanks to a loophole in the recently passed Republican tax bill, multinational corporations that have stashed their profits overseas will now pay a substantially lower tax rate.

 

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