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Targeting Overseas Tax Shelters

Targeting Overseas Tax Shelters

Update: 2021-04-077
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The I.R.S. says that Bristol Myers Squibb, America’s second-largest drug company, has engaged a tax-shelter setup that has deprived the United States of $1.4 billion in tax revenue.

The Biden administration is looking to put an end to such practices to pay for its policy ambitions, including infrastructure like improving roads and bridges and revitalizing cities.

We look at the structure of these tax arrangements and explore how, and whether, it’s possible to clamp down on them. 

Guest: Jesse Drucker, an investigative reporter on the Business desk for The New York Times.

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For more information on today’s episode, visit 

nytimes.com/thedaily

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Comments (1)

Andrew Browne

journalist shows his left wing credentials and accounting imnumeracy

Apr 8th
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Targeting Overseas Tax Shelters

Targeting Overseas Tax Shelters

The New York Times