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Unintended Consequences: Feds Let Telecom Companies Skirt Taxes While States Crack Down ·
Some of America’s largest telecommunications companies continue to pay almost nothing in federal taxes even as state taxing authorities hungry for revenue are getting more aggressive about denying access to tax loopholes and suing some for failing to pay their fair share. Special interest-inspired “pro-business” loopholes have been a growing part of the U.S. tax code …