Under the Radar: Sept '08 Treasury Made $140 Billion Change to Tax Policy Not In BailoutQuicklink submitted by Amanda Lang Permalink
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|In late-Sept 2008, the Treasury Dept issued a five-sentence notice that attracted almost no public attention.
But corporate tax lawyers quickly realized the enormous implications of the document: Bush admin officials had just given US banks a windfall of as much as $140 billion. The sweeping change to two decades of tax policy escaped the notice of...just about everyone.
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