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Another day, another corporate tax loophole.
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2013 Apr 22, 7:56am 716 views 0 comments
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http://www.nytimes.com/2013/04/22/business/restyled-as-real-estate-trusts-varied-businesses-avoid-taxes.html?pagewanted=1&_r=1&hp
The Corrections Corporation, which is making the switch, expects to save $70 million in 2013. Penn National Gaming, which operates 22 casinos, including the M Resort Spa Casino in Las Vegas, recently won approval to change its tax designation, too.
Only the poor pay taxes.