Michigan Democratic Senator Carl Levin has introduced his proposed Cut Unjustified Tax Loopholes Act to target off-shore tax abuses.

In this podcast, Pepper tax partner Steve Bortnick, discusses how the act 2013 designed to close a so-called loophole that allows foreign corporations to avoid paying U.S. taxes 2013 might actually reduce U.S. tax revenues. Steve also discusses how this act would affect hedge and private equity funds.

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