May 30, 2014

Via Moyers & Company:

Microsoft had $60.8 billion in profits offshore in 2012. Citigroup, $42.6 billion. Exxon Mobil, $43 billion. And the amount of taxes they paid on those profits: zero. While hard-working Americans pay their fair share of taxes, many large corporations, bolstered by an army of lobbyists in Washington, are not.

The Nobel Prize-winning economist Joseph E. Stiglitz tells Bill that Americans should be outraged. Watch:

Stiglitz says tax dodging represents a misallocation of America’s scarcest resource — young people — including the students he teaches at Columbia University. “I wish that they had g...

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