one A $9 billion "sop for Wall Avenue financial institutions and important multinationals": Part 322, put together in 1997, allows for companies and financial institutions to defer taxes when they interact in a particular form of transactions known as "active financing." The crack now expenses $9 billion per calendar year, and critics assert it encourages companies to produce work abroad. But its a top notch lobbying precedence for providers like GE and JPMorgan, who mention that it helps them contend abroad, and it'll get extended an additional calendar year.
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