PAUL TELLER: Foreign investors are milking US taxpayers. Congress should stop them
- The author says overseas funds finance US lawsuits.
- Their share of awards may face lower or no US tax.
- The article urges Congress to close the alleged loophole.
The opinion article argues that foreign investment funds are financing US lawsuits and may receive a more favourable tax treatment on their share of any award than the American plaintiffs do. It calls on Congress to close this alleged loophole, saying the arrangement could reduce US tax revenue…