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US Capitol Capsule: Dems target inversion earnings stripping; will Republicans play?

This article was originally published in Scrip

Executive Summary

When Congress returns from its summer vacation on 8 September, Senate Democrats are expected to get serious about moving tax inversion legislation forward, with Senator Charles Schumer (Democrat-New York) last week declaring he wants the chamber to take up his proposal targeting earnings stripping – a practice used by inverted companies to avoid paying US taxes on their American subsidiaries' profits.

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