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Wednesday, November 22, 2006

How Multinational Corporations Avoid Paying Their Taxes

By Peter RostDrug companies and other multinational companies based in the U.S. systematically avoid paying tax in the U.S. on their profits. The companies elect to realize profits in low-tax countries and because of this the rest of us have to pay billions of unnecessary taxes to make up for the shortfall. writes Peter Rost, an ex-pharmaceutical executive.

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