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US firms move abroad to cut taxes

from The Wall Street Journal

More big U.S. companies are reincorporating abroad despite a 2004 federal law that sought to curb the practice. One big reason: taxes. Companies cite various reasons for moving, including expanding their operations and their geographic reach. But tax bills remain a primary concern. A few cite worries that U.S. taxes will rise in the future, especially if Washington revamps the tax code next year to shrink the federal budget deficit. more


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