When it comes to paying taxes, the latest ploy in corporate America's never-ending search for loopholes and escape hatches is "inversion," creative accounting by which companies pretend to be headquartered abroad and make big profits on which they pay little or no US taxes. Inversion is just one more way jobs are being lost overseas and revenue is being drained from government and its services. That's why a recent report by Nobel Prize-winning economist Joseph E. Stiglitz for the Roosevelt Institute is so important. Paying a fair share of taxes and cracking down on corporate tax dodgers, Stiglitz writes, could be a cure for inequality and a faltering economy. This week in an encore presentation of Moyers & Company (check local listings), Stiglitz tells Bill Moyers that Apple, Google, GE and a host of other Fortune 500 companies are creating what amounts to "an unlimited IRA for corporations." He says, "I think we can use our tax system to create a better society, to be an expression of
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