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Stanley Black & Decker, which has a division based in Towson, is using overseas subsidiaries to hold more than $4.4 billion in assets, according to the Maryland Public Interest Research Group report. (The Daily Record/Maximilian Franz).
Stanley Black & Decker, which has a division based in Towson, is using overseas subsidiaries to hold more than $4.4 billion in assets, according to the Maryland Public Interest Research Group report. (The Daily Record/Maximilian Franz).

Round up profits hiding overseas, group urges

MaryPIRG says U.S. could reap $1 trillion by closing loopholes

Closing federal tax loopholes that allow corporations to hide profits in overseas subsidiaries could generate more than $1 trillion in additional tax revenue annually, according to a report released Friday by the Maryland Public Interest Research Group.

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