What advantages do big corporations have over individuals in sheltering their income from tax?
a. They have tremendous lobbying power in Congress, which enables them to get special tax concessions enacted that ordinary citizens could not.
b. Unlike individuals, corporations can break themselves into different entities on paper and treat phony, non-existent transactions among those entities as if they actually happened.
c. The 1986 Tax Reform Act freed corporations from paying any state income taxes.
d. a and b above
D
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Fill in the blanks with correct word
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