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The nation's largest multinational corporations are seeking to make permanent a controversial tax exemption on profits they earn overseas. The companies argue that they need the tax break -- set to expire this year -- to compete in the global marketplace. Critics say it is unlikely that companies will ever bring that money back into the country where they will have to pay taxes on it.
February 27, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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