How to Hide Your Profits

Last year, there were 26 CEOs who made more income than their companies paid in taxes. They took home average compensation worth $20.4 million, while their companies paid little or no federal tax on big profits.

One tactic: running profits through subsidiaries in offshore tax havens like the Cayman Islands and the Isle of Man. Together the 26 firms on the list operated 537 tax-haven subsidiaries last year. Geez, if they were running a crime syndicate instead of a bank, wouldn't we just call that "money laundering"?