Nobel-winning economist Joseph Stiglitz calls Apple's tax strategy a "fraud"

2001 Nobel laureate in economics Joseph Stiglitz has a long history of being on the right side of history. For example: pricing the Iraq war at $3T; raising the alarm about sovereign wealth funds acquiring US debt; nailing the double-standard on bailouts for debt crises (and the way that this destabilizes poor countries); sounding the alarm about austerity in times of recesssion; coming out early and strong over wealth concentration; calling for the imprisonment of the top executives at Barclays bank; and damning the TPP as "the worst trade deal ever." Read the rest

Amazon will finally start paying tax in the UK

The company will abandon the pretense that its UK sales are consummated in Luxembourg and that the money floats in a state of taxless grace in the middle of the Irish Sea. Read the rest