Which is why it exists - to reduce tax avoidance by holing up in tax-friendly jurisdictions away from Uncle Sam.

I love how people try to downplay the things corporations do.

"Oh, it's not tax evasion, it's tax avoidance!"

And now "oh, it's not tax avoidance, it's tax-friendly jurisdictions".

Let's just agree to close the loopholes so that everyone pays their fair share.