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Tax System Spurs Overseas Purchases of US Companies, Group Says

The US tax system encourages foreign companies to purchase US companies, according to a new study by the Business Roundtable, a group of chief executive officers. Had the US cut its corporate tax rate from 35% to 25%, US companies would have acquired $590 billion in cross-border assets over the past decade rather than lost $179 billion, according to the study.

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