Your Mobile is Taxable

This should go over well.
The IRS can tax your company-issued mobile phone, via WaPo:
The debate stems from a 1989 law that requires workers who use company cellphones for personal calls to count the value of those calls as income and pay federal income taxes for the minutes used. Employees are supposed to keep detailed records [...]

Paying Taxes

This five-story office building on South Church Street in the Caymans serves as the official address for 18,857 corporations? No way!
Way, according to a report on Bloomberg:
President Obama referred to Ugland House yesterday.
“On the campaign, I used to talk about the outrage of a building in the Cayman Islands that had over 12,000 businesses claim [...]