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Republicans back business warning on global tax talks

from Bloomberg

The top Republican tax writers in Congress joined the biggest U.S.-based companies in warning that global negotiations to limit businesses from shifting profits to low-tax countries could harm Americans. Rep. Dave Camp, R-Michigan, and Sen. Orrin Hatch, R-Utah, said in a joint statement that other governments may be using the talks at the Organization for Economic Cooperation and Development as a way to "raid the American Treasury." more


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