With a broken corporate tax system that causes inequality and allowing for half of the world's wealth to be in the hands of 1% of the population, The Guardian's Gabriel Zucman wants to know why "we tolerate rapacious, unjust tax havens."
First, the taxes avoided by big companies have to be compensated for by higher taxes for the rest of us – higher income taxes on the middle classes and higher sales or property taxes for everyone, unless we cut spending on education, health and infrastructure.
Second, tax avoidance distorts competition; big firms get away with low tax rates because they can operate all over the world and can afford the pricey services of the big accounting firms, while nascent businesses have to face the statutory rates. This unfairness rigs the functioning of markets.
Yet the fundamental problem is that corporate tax avoidance increases inequality. [...]
|Forget Piggy Banks -- Get a DSLR Camera Coin Bank|
|Despite Having So Many of Them, Lawyers Remain Expensive Because of Sticky Wages and Limited Discounting|
|Here Comes the Latvian Robin Hood|
|Goldman Sachs Banker Quits With a Very Public, Stinging Resignation Letter|
|Music publishers: iTunes not paying fair share|
|How to Avoid Jury Duty|
|“Google isn’t liable because it is nothing and nowhere and endless.”|
|The Growth of Corruption Reporting Websites|
|“The world’s first hydrogen-powered train.”|
|Japanese Robot Serves Ice Cream From Inside a Vending Machine|
|"Emotional-processing software has gotten so good that ad companies are looking into 'mood-targeted' advertising."|
|“The first-ever driverless mass transit test program.”|
|“A dystopian vision of the future is already happening in China.”|
|Hit "Insert Coin" Twice and Play Google Pac Man With Two Players|
|“Rubbish waste is now so prolific it will become fossilised.”|
|The (Very Scary) People of Public Transit|
|“People talk about bankers being amoral. They are starting to talk about tech people in similar language.”|