Today General Motors announced that it has fired 15 employees and disciplined five others in the wake of an internal investigation into the company’s handling of defective ignition switches, which lead to at least 13 fatalities.
“What GM did was break the law … They failed to meet their public safety obligations,” scolded Sec of Transportation Anthony Foxx a few weeks ago after imposing the largest possible penalty on the giant automaker.
Attorney General Eric Holder was even more adamant recently when he announced the guilty plea of giant bank Credit Suisse to criminal charges for aiding rich Americans avoid paying taxes. “This case shows that no financial institution, no matter its size or global reach, is above the law.”
Tag Archives: #CorporateTaxes
Preview: @JosephEStiglitz: How Tax Reform Can Save the Middle Class | Moyers & Company | BillMoyers.com
In this preview, Joseph E. Stiglitz says corporate abuse of our tax system has helped make America unequal and undemocratic. But the Nobel Prize-winning economist has a plan to change that.
In America right now inequality is too great, unemployment too high, public investments too meager, corporations too greedy and the tax code too biased toward the very rich.
But the Nobel Laureate economist Joseph E. Stiglitz says it doesn’t have to be this way. He has a new plan for overhauling America’s current tax system, which he says contributes to making America the most unequal society of the advanced countries.