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Is this really a problem? Isn't corporate tax rate one of the ways countries compete for businesses to be registered with them and pay them tax? I'm sure any government efforts to reduce this will just make it harder for everyone to run companies from other countries.

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Try moving large sums of money (even money earned abroad) around like this to avoid taxes as a private US citizen and you're likely to get 10-20 years of mostly distraction free time to ponder the question of whether this is or isn't a problem.

As long as you don't break any laws while doin it, I don't see why.

Meh, tax code is still grossly over-complicated in the US, simplifying it would help everyone.

Not everyone. It would help those who don't have the disposable income to find and use these loopholes, which is mostly everyone. Unfortunately the vast majority of the people that it WOULD help have little to no power to effect that kind of change.

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