The Nation: How the Swindlers of Silicon Valley Avoid Paying Taxes

The Institute on Taxation and Economic Policy (ITEP), a nonpartisan organization, has warned, “Corporations would have even greater incentives to engage in accounting gimmicks to make their U.S. profits appear to be earned in offshore tax havens such as Bermuda and the Cayman Islands, where corporate profits are not taxed.”

The logic for companies is not complicated. Read more