Companies use popular provision to avoid income taxes | Reuters

by Faiz Ahmed last modified 2012-04-13T15:51:29-04:00
"[C]ompanies made use of accelerated depreciation, a tax provision that allows increased deductions in the early years of the life of an asset. ... Accelerated depreciation will cost the U.S. Treasury $37 billion between 2010 and 2014, according to a recent estimate by Congress's Joint Committee on Taxation."
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