Republicans defend Caterpillar, blast U.S. tax code at hearing

WASHINGTON (Reuters) – The broken U.S. tax code encourages companies to shift profits overseas, Republican senators said on Tuesday, seeking to deflect criticism from Caterpillar Inc at a hearing on how it allegedly avoided paying $2.4 billion in taxes.

Link to article: feeds.reuters.com/~r/reuters/businessNews/~3/_RArwUNjO4c/story01.htm

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