
176. Minouche Shafik — What We Owe Each Other: A New Social Contract for a Better Society
The Michael Shermer Show
00:00
Tax Havens - Is That Really an Outrage?
91 companies in the fortune 500 paid an effective federal tax rate of zero. I think apple has a little office in ireland or somewhere to avoid us. Likewise with corporations that park their assets in foreign countries. The other thing about the global tax havens is it's really unfair to local companies. Companies that only operate in one country can't take advantage global tax paymens, and so it's retdiscriminatory to them.
Transcript
Play full episode