This is how broken our system is. Last month, a Utah-based company received more than $9.4 million from the PPP coronavirus relief program. And last year, the same company made $6 million in profit, but paid no taxes in the U.S. because the profit was made through small companies in Ireland and the Cayman Islands.
Last month Zagg Inc, a Utah-based company that makes mobile device accessories, received more than $9.4 million in cash from a U.S. government program that has provided emergency loans to millions of businesses hit by the coronavirus.
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