Price tag announced as Senate discusses using repatriation tax break to fund highways.
By Richard Rubin, Bloomberg|June 11, 2014 at 05:53 AM
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A temporary tax holiday for U.S. companies to repatriate offshore profits would cost the government $95.8 billion in revenue over a decade, said the Joint Committee on Taxation, Congress’s nonpartisan scorekeeper.
As O’Melveny & Myers partner Daniel Petrocelli faces one of the biggest trials of his life—fending off the Justice Department’s challenge to AT&T’s $85 billion merger with Time Warner— there’s a niggling question: What does the renowned Los Angeles litigator really know about antitrust law?