In recent years, it has become fashionable to profess outrage at reports of businesses with book profits that nevertheless owe zero taxes. Popularized by left-wing advocacy groups such as the Institute for Taxation and Economic Policy, these reports are intended to drum up public anger against a tax system supposedly “rigged” in favor of corporations. Ironically, recent attempts to solve this “problem” demonstrate how bogus this narrative is better than any op-ed ever could.
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