Chamber Of Commerce Gets What It Wants On Tax Dodger Ban From Senate Committee
Read more at:
http://www.huffingtonpost.com/2009/10/07/chamber-of-commerce-gets_n_312278.htmlThe U.S. Chamber of Commerce lobbied for the Senate Appropriations Committee to weaken a ban on government contracts with "inverted corporations," reports The Hill on Wednesday. Inverted corporations are domestic companies that set up nominal overseas headquarters to dodge U.S. taxes.
On Tuesday, the U.S. Public Interest Research Group raised hell about "a big corporate loophole" that found its way into the Senate version of an appropriations bill. The offending language says that the ban on contracts for inverted corporations "shall not apply to the extent that it is inconsistent with the United States obligations under an international agreement."
Read more at:
http://www.huffingtonpost.com/2009/10/07/chamber-of-commerce-gets_n_312278.html