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US Companies And Their Taxes: A Race To The Bottom

Research done by Financial Times shows that, despite a decade worth of government efforts to cut the US budget deficit, big corporations have come out unscathed. The companies effective tax rates have come down considerably since ’91, with the biggest recents cuts coming in 2014-2015. For instance, the graph shows the ten multinationals with the largest offshore cash piles, whose effective tax rates got cut from 25% in 2015, to around 16% in 2016. (source)

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