this post was submitted on 08 Jul 2025
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This is an excellent piece from Joseph Stiglitz.

Everyone should read it.

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[–] streetfestival@lemmy.ca 59 points 6 days ago (6 children)

I agree with the Nobel Laureate in economics, Joseph E Stiglitz, who wrote this.

Of course, when the most profitable companies in the world don’t pay their fair share of taxes, it just shifts the burden on to others.

Apple was so successful in avoiding taxes in Europe that it is estimated that it paid in some years a tax of just 0.005% on its European profits.

[–] kubica@fedia.io 10 points 6 days ago

Apple can only pay so few in taxes? Goddamn they must be on the verge of bankruptcy. /s

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