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  • An example of an increasingly used corporate tax loophole is the Reverse Morris Trust, which has been used by major corporations such as Disney (who divested ABC Radio to Citadel Broadcasting with this method, only for Citadel to go bankrupt due to the excessive debt load shoveled onto them), Procter and Gamble, and Verizon (who used this technique to divest large chunks of their landline network
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