"When corporations shirk their tax burden by shifting profits legitimately made in the United States to offshore tax havens like the Caymans, the rest of us must pick up the tab through either cuts to public spending priorities, higher taxes, or more debt," Dan Smith, tax and budget associate for U.S. PIRG and one of the report's co-authors, said in a statement. "Responsible small businesses are further hurt by corporate tax dodging because they are put at a competitive disadvantage since they can't hire armies of well paid lawyers and accountants to use offshore tax loopholes."