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Tax Loophole
Technology

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Billion
Hewlett-packard
Microsoft
Offshore Tax Haven
Personal Computer
Software
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Tax Evasion
Taxes

Microsoft, HP skirted taxes via offshore units: Senate panel

Technology giants Microsoft Corp and Hewlett-Packard Co used offshore units to shield billions of dollars from U.S. taxes by taking advantage of loopholes and stretching the limits of the tax code, a U.S. Senate panel said on Thursday.

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