Reuters: Business News: Insight: How U.S. Treasury's tax loophole mistake saves companies billions each year

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Insight: How U.S. Treasury's tax loophole mistake saves companies billions each year May 31st 2013, 00:04 WASHINGTON (Reuters) - As the U.S. economy crumbled in early 2009, President Barack Obama offered a plan that he said would save American jobs: a crackdown on corporate tax loopholes that encourage companies to send profits abroad to avoid paying billions of dollars in U.S. taxes each year.

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