These Universities Benefit From an Offshore Tax Loophole

A New York Times report on Wednesday describes how some universities use “blocker corporations” — a loophole that effectively uses a middleman based in a low- or no-tax destination, like the Cayman Islands — to avoid paying taxes on the income....

“They’re not cheating. They’re not hiding money or disguising money,” Samuel Brunson, a law professor at Loyola University Chicago, told the Times. “But they’re adding money to a system that allows people, if they want to hide their money, to do it.”
http://www.chronicle.com/article/The...ampaignId=7158

Seems like it’s not so much “the Rich“ who benefit from our tax system, but the investor class.