Apple CEO’s defense of tax avoidance and demands for even lower taxes shows how multinational corporations are making the world’s governments broke.
A judge in Atlanta, Georgia has ordered President Obama to show up at a hearing concerning a complaint filed by a citizen of the state who contends that Mr. Obama is not a natural-born citizen and therefore should be removed from the ballot in the Georgia Presidential primary.
Do you have a penny in your pocket? Well, if you do, you have more money in your pocket than the income taxes paid by GE, Wells Fargo, Exxon-Mobil, Citibank, and Bank of America combined. That’s right, these corporations and many more like them do NOT pay taxes like real people do. Instead, these greedy, ultra rich corporations make billions in profit, exploit tax loopholes, and some even get subsidies from the government.
