Big corporations like Apple, Google and Bank of America have had to make some interesting homes for themselves, in order to get out of paying their fair share of U.S. taxes. They create dummy companies in countries or places where taxes are low, then shift profits over to those companies. It saves the corporations a collective $90 billion in U.S. taxes every year. That’s great for corporations, but not so great for Americans who care about things like education, healthcare, or, you know, paved roads.
November 22, 2013