June 6, 2014 - A report out this week finds that over 70 percent of Fortune 500 companies use offshore tax havens to avoid paying US taxes.
The Nobel Prize-winning economist Joseph E. Stiglitz tells Bill that such lucrative loopholes are contributing to America’s inequality problem and persistent unemployment rate. In fact, corporate greed, combined with a tax code too biased toward the very rich, is hurting our economy and reducing public investment at a time when we really need it.
Stiglitz says it doesn’t have to be this way. He has a new plan for overhauling America’s current tax system, which he believes contributes to making America the most unequal society of the advanced countries. read more w/transcript>>>