Syndicated Columnists

May 28, 2013 6:05 PM

Global race for profits harms people worldwide

A Senate report criticizes Apple for shifting billions of dollars in profits into Irish affiliates where its tax rate is less than 2 percent, yet a growing chorus of politicians call for lower corporate taxes to make the U.S. more competitive. The seeming contradiction is explained by the simple fact that global capital is gaining enormous bargaining power over nation states.

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