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Senate Measure Would Undo Tax Haven Curbs

Back in the United States, consumer advocates are criticizing a proposed Senate measure that would loosen a ban on awarding federal contracts to companies that rely on offshore tax havens. The measure has been added to a Senate spending bill after heavy lobbying by business groups. It would scale back a seven-year-old ban on so-called inverted companies that base most of their operations outside the US to avoid paying taxes.