1 A $9 billion "sop for Wall Road banks and principal multinationals": Part 322, made in 1997, allows companies and banks to defer taxes every time they interact within a specialized form of transactions known as "active financing." The split now rates $9 billion for each 12 months, and critics assert it encourages corporations to make positions overseas. But it truly is a best rated lobbying priority for providers like GE and JPMorgan, who say that it helps them contend abroad, and it'll get extended yet another 12 months.
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