Democratic lobbyist/fundraiser apparently wins a big tax break for multinationals and banks

from Beltway Confidential by Timothy P. Carney


Democratic lobbyist/fundraiser apparently wins a big tax break for multinationals and banks: "The Post's Dan Eggen has a good piece today on a provision you didn't hear about in the tax bill passed last week. As Eggen describes it: 'Under the provision, financial services firms and manufacturers can defer U.S. taxes on overseas income from a type of financial transaction known as 'active financing.'

Eggen finds on the...

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