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U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 50 years

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Investment bank Merrill Lynch may not have to pay UK tax for decades.
The Wall Street giant, which employs 5,500 in the City of London, could be eligible for a tax holiday of more than 50 years after making billions of pounds of losses on 'exotic investments.'
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

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