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Offshore tax gimmicks must end

October 2, 2012
By Sen. Carl Levin , Daily Press

WASHINGTON - America stands on the edge of a fiscal cliff, facing drastic budget cuts and painful tax increases on the middle class unless we can agree on a comprehensive, balanced deficit-reduction plan. This challenge lends new urgency to a topic I have long pursued as chairman of the Senate Permanent Subcommittee on Investigations: cutting loopholes and gimmicks to avoid paying taxes.



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