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Resource ID: #19852
Subject: Taxes
Source: New York Times
Date: 2024-04-15



The Times reports on how companies and rich families use off-shore services -- such as registering in Bermuda, under the advice of Ernst & Young -- to avoid paying taxes. The stories reveal that the federal government has lost billions of dollars each year in evaded taxes. As a result of the uproar, many Republicans in Congress have broken with the party leadership and have voted to tighten the legal loophole.

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