Wednesday, January 14, 2009

US firms seek tax waiver for offshore unit loans

(NEW YORK) Morgan Stanley, United Technologies and General Electric (GE) are asking lawmakers to waive US tax penalties on businesses that borrow from their offshore units, according to congressional aides and lobbyists.

Source: http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/news/story/0,4574,314077,00.html?

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