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DewDiligence

05/24/23 9:33 AM

#106170 RE: santafe2 #106165

Actually, many smaller and midsized companies (including several in my portfolio), who lacked ex-US revenue, far-flung subsidiaries, and the ability to execute complex tax-avoidance strategies, paid income tax at the statutory 35% rate (plus state income tax) prior to the Trump tax cut.