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Top tax expert: Companies moving abroad to please shareholders

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Companies aren't fleeing the United States because of a lack of tax competitiveness, a top tax expert says. They're leaving to use the trillions of dollars in cash they hold abroad to boost their stock prices. That argument by Ed Kleinbard, former chief of staff of the Joint Committee on Taxation, bolsters the case for Congress to move quickly on legislation favored by the White House and...

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