SchwartzReport: Joseph Stiglitz on Corporate Tax Dodging

Commerce, Corruption
Stephan A. Schwartz
Stephan A. Schwartz

It’s perfectly clear that the cuddling of the uber-rich must stop. Nobel Laureate economist Joseph Stiglitz makes the point as well as anyone could.

Joseph E. Stiglitz: Let’s Stop Subsidizing Tax Dodgers
BILL MOYERS – Moyers & Company

A new report by Nobel Prize-winning economist Joseph E. Stiglitz for the Roosevelt Institute suggests that paying our fair share of taxes and cracking down on corporate tax dodgers could be a cure for inequality and a faltering economy.

This week on Moyers & Company, Stiglitz tells Bill that Apple, Google, GE and a host of other Fortune 500 companies are creating what amounts to ‘an unlimited IRA for corporations.” The result? Vast amounts of lost revenue for our treasury and the exporting of much-needed jobs to other countries.