netherlands and the british virgin islands to take full advantage of tax loopholes. it s all legal, of course. there s even a cool name for avoiding all those taxes. the tax accountants call it a double irish with a dutch sandwich. the bottom line is a company like walmart pays a tax rate of 24%. apple pays 9.8%. the republican budget guru, congressman paul ryan of wisconsin, chairman of the house budget committee would make it even easier for bigger corporations to outsource profits and hide income from the internal revenue service. ryan s plan would introduce a so-called territorial tax system exempting offshore profits from u.s. income tax. let s turn to david cay johnston. we know what the companies are doing. it s been well documented.