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Oil & Gas Cos. Pay As Little As 20% Tax Rate, Watchdog Says

By Matthew Villmer (April 11, 2014, 2:20 PM EDT) -- Although the federal corporate tax rate in the U.S. is 35 percent, the oil and gas industry's effective tax rates hover around 20 percent due to enormous subsidies engrained in the Revenue Code, a tax watchdog group said Wednesday....

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