Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

In her 2006 study, Lundan suggested that 40% of US foreign direct investment in Europe is taking place through deferred taxes that are not paid in the US. It has also been suggested that the cost of funds to finance overseas investments is actually a corporate structure designed by the US that allows companies to invest money overseas by having their tax deferred. If such a company loses money, it means that the money can be written off, so there is actually a great advantage to American companies in having this system in place, and the American authorities are well aware of this. Ultimately, as this money can be deferred indefinitely under US taxation law, what is basically happening is that the US Department of the Treasury, or its Internal Revenue Service, gives interest-free loans to American companies forever. Is this correct?