CNN Student News Oct. 27, 2014(4)

About10percentoftheU.S.government`stotalrevenuecomesfromcorporatetaxes.TheseareplacedintheprofitsthatU.S.basedbusinessmake.Thefederalgovernment`scorporatetaxrateis35percent.Theglobalaverageislower,at25percent,andinIreland,whichhasoneofthelowesttaxrates,it`paniesareconsideringsomethingcalledinversion.

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CRISTINAALESCI,CNNCORRESPONDENT:Inversion.No,it`snotayogapose.It`sactuallyshorthandforacomplicatedandcontroversialtaxusedbysomeverylargecompanies.Let`ssaywehaveacorporationinItdecidestobuyasmallerone,inIreland,forexample.IsthecombinedorIrish?You`dprobablysayAmerican,becausethat`swithinversion,it`pany`scitizenship.

Now,whydothat?Taxes.U.S.hasoneofthetheworld,paniestakenewcountry`slowertaxrate.Withoutactuallymovingoperations.

Andthereisanotherbenefit.payU.S.rateonprofitsitmakesoverseas.That`skey,panythatbringsitsinternationalprofitshasThat`paniesdecidetotheymadethem.

Americanstowedawayinothercountries.Butthat`saproblemifatothecashhere,whetherit`sforresearchandortooreventothrowagiantpizzaparty.ofisperfectlylegal,anditmakesAmericanCritics,however,seeitasabig,fat,juicyloopholeformega(ENDAZUZ:.FromFriday`stranscript,wegotarequestfromBeaumont,California.TheCougarsofMountainViewmiddleschoolarewatching.WegotarequestfromCharlevoix,Michigan.It`swherewefoundtheRaidersofCharlevoixmiddlehighschool.AndinBranchville,SouthCarolina,thebuzzisallabouttheYellowjackets.BranchvilleLockettHighschoolisontoday`sroll.

WetoldyouearlierthismonthaboutamanwhojumpedthefencesurroundingtheWhiteHouseandactuallymadeitinsidethebuildingbeforehewascaught.Anotherintrudertriedthesamethinglastweek,buthedidn`tgetasfar.Twoofthereasons