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LOOPHOLES? OR LOWER RATES?
July 27, 2007
Quotes from yesterday's Treasury conference on business taxation:
"I'd trade the research credit in a minute for a simpler, lower rate," said Safra Catz, head of Oracle.
"I'd happily trade all credits for simplification and lowering the rates," said Frederick W. Smith, CEO of FedEx.
Lowering rates would open up a much larger volume of equity investments in the U.S.," said Martin Feldstein of Harvard University.
Via Tax Analysts ($link)
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