Tax Me If You Can

Researchers at Citizens for Tax Justice, a nonpartisan, public-interest research and advocacy group, determined how much income tax U.S. tech companies will pay for 2012. And it seems many tech firms are off-shoring their revenue, in order to avoid paying taxes.

In fact, the Congressional Research Service recently released a similar report that indicates U.S. companies are fudging the numbers on the geographic origin of their foreign profits.

For instance, in 2008, American multinational companies reported earning 43% of their $940 billion in overseas profits in five very small tax-haven countries (Bermuda, Ireland, Luxembourg, Netherlands, and Switzerland), even though only 4% of their foreign workforce and 7% of their foreign investments were in those countries.