Business Columns & Blogs

September 30, 2012 12:00 AM

Simplified federal tax code not easy

Microsoft and Hewlett-Packard recently found themselves in the unwanted public spotlight of a congressional hearing for, in the words of U.S. Sen. Carl Levin, using “loopholes and gimmicks” and “schemes” to “shift income to offshore tax havens,” costing the U.S. Treasury billions of dollars in the process.

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