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Latest U.S. Tax Break Fad Means Today’s Winners Would Score Anew

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New Tax Break Would Benefit Firms Adept at Avoiding Taxes

U.S. lawmakers are exploring a new corporate tax break that would benefit companies already adept at avoiding taxes.

The idea -- known as a patent box or innovation box -- would impose a lower tax rate on income generated from patents and other intellectual property housed in the U.S. This would aid technology and pharmaceutical companies trying to maintain low tax rates that they’ve achieved by booking income in overseas tax havens.