A CARIBBEAN TAX HOLIDAY.

The article discusses how the U.S. Internal Revenue Service (IRS) is investigating how retail credit-card receipts, totaling $100 billion a year, are avoiding taxation. It outlines how many small retailers and service providers are sending these receipts to Caribbean or South American countries to minimize their U.S. tax bills. The companies claim that what they are doing is lawful, but the IRS is not so sure.