December 20, 2005

Job Benefits From Overseas Tax Breaks Hard to Find

The deal was Congress would open a one-year window of U.S. companies to bring overseas profits home at a reduced tax rate and in return the companies would invest billions in U.S. facilities and research - creating jobs. Critics say it didn't work out that way. "there was no mechanism that linked the repatriation with the creation of jobs," said Michael McIntryre, a law professor at Wayne State University in Detroit .

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