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Home / Business / ‘Unpatriotic loophole’ targeted by Obama costs U.S. $2B

‘Unpatriotic loophole’ targeted by Obama costs U.S. $2B

U.S. companies that have already carried out inversions are likely to cost the government a record $2.2 billion or more in lost tax revenue next year, double the amount in 2014, according to calculations based on companies’ financial results.