The American Prospect: Raises and Bonuses, The PR Fraud

It’s hard to imagine a greater encouragement for companies to shift as much profit overseas as possible, mostly to low- or no-tax havens. By the time the tax debate began, the corporate offshore profits pile had grown to $2.6 trillion, on which the companies owed more than $750 billion in unpaid U.S. taxes, according to the Institute on Taxation and Economic Policy and the U.S. PIRG Education Fund. Read more