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Correction: Taxes-Offshore Profits story
Correction: Taxes-Offshore Profits story
By The Associated Press

WASHINGTON (AP) ' In a story Oct. 26 about a plan by Rep. David Camp, R-Mich., to exempt 95 percent of U.S. companies' overseas profits from taxes, The Associated Press erroneously reported that the remaining profits would be taxed at a rate of 5 percent. The maximum tax rate on those profits would be 25 percent, not 5 percent.

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