Foreign profit tax break was costly bomb: report
WASHINGTON (Reuters) - Congress should not endorse another big tax break for overseas corporate profits because the last one in 2004-2005 was a costly failure, said U.S. congressional investigators in a report released on Monday.
With an army of lobbyists pushing on Capitol Hill for a repeat of the Bush administration's 2004-2005 program, the head of the Senate Permanent Subcommittee on Investigations urged lawmakers to reject another corporate give-away.
Complete article, references and links are available at the news.yahoo.com
Posted 10/11/2011: PoliticalGat