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Rhetoric and reality are different
Guest column
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Gary Kalman, is the executive director at The FACT Coalition, a non-partisan alliance of more than 100 state, national, and international organizations working toward a fair tax system that addresses the challenges of a global economy. - photo by File photo
As the country begins to digest the revelations in the new offshore tax haven leak known as the "Paradise Papers," it’s important to not lose sight of the fact that the Congressional tax plan is out along with promises that it will end the gaming that has allowed multinational firms to shift trillions in profits offshore. Supposedly, the plan is to bring past profits and jobs back to the U.S. and prevent the offshoring in the future. A closer look at the text of the bill suggests that the reality does not match the rhetoric.
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