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Tax Loophole Game News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Detailed text transcripts for TV channel - FOXNEWS - 20110325:18:10:00

out every single loophole they can get their hands on and exploit it. one thing i will tell you. i m not an accountant. of the $14.2 billion they made the revenue was $150 billion. they are on claiming $5 billion tbhght united states. martha: how does an american company make the majority its money overseas. reporter: they can play the tax loophole game. they moved plants to mexico and china where the tax rates are substantially lower than they are here. maybe that s how they are doing it. but we have to figure out. are they beating the system by doing this? does tax law need to change? there is a lot of talk about a fair tax, flat tax. this would avoid all of that. the unfairest tax of them all.

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