Tax-dodging tech companies escape $225B as Senate calls for reform

Fifty tech companies, including Microsoft, Apple, and Google, are avoiding paying $225 billion in taxes by sheltering their assets overseas, according to a new report in the Bay Citizen. Is this "capitalism" in the words of Google's Eric Schmidt, or does it hurt ordinary Americans?

Small business accounting service Xero raises $16.6M

Xero, an online-accounting service for small businesses, announced today it has received $16.6 million in its latest round of funding. PayPal co-founder and early Facebook investor Peter Thiel participated in the round.

“Xero was started by a few entrepreneurs who …