Nevada has no corporate income taxes and that has made the state a tax shelter for some of the most profitable companies in the world. Apple has been generating so much cash that it's set up an investment arm in Reno. Many other companies have holding companies in Nevada that are little more than a post-office box. So how has this happened? Is Nevada missing out on tax revenue? Or is the state depriving other states of revenue they need?

GUESTS
John Restrepo, Principal, RCG Economics
David Parks, State Sen, D-Las Vegas
Craig McPike, atty, Snell and Wilmer

• NY Times: How Apple Sidesteps Billions in Taxes