FROM THIS EPISODE
Tens of thousands of people — maybe a million — took to the streets of Caracas today, with Venezuela in the midst of its worst economic crisis in 50 years. There are food shortages, rampant crime and the world's highest rate of inflation. Juan Forero, South America Bureau Chief for the Wall Street Journal, joins us from Bogotá.
This week, the European Union made big news by announcing that Apple owes Ireland $14.5 billion worth of back taxes. Apple, Ireland, the Obama Administration and Congress all said that was wrong. Why does Apple have to pay taxes there? It's American law. US companies can find tax havens overseas, and Irish taxes are one third of what they are here. Despite its shiny image, critics say, Apple's no different than Anheuser-Busch, Google, Starbucks or Burger King. Apple says it's taking advantage of “legal incentives,” and Washington says that's okay. But, what's the cost to small business, the middle class and the poor?
James Kanter, New York Times (@jameskanter)
Chris Matyszczyk, Howard Raucous / CNET (@ChrisMatyszczyk)
James Henry, Tax Justice Network (@submergingmkt)
Lisa De Simone, Stanford Graduate School of Business
Kanter on the EU's saying Apple owes $14.5 billion in back taxes
CNET on Tim Cook slamming EU's ruling against Apple
Apple's message to the Apple community in Europe
Tax Justice Network on the EU’s Apple decision, beginning of the end of tax wars
De Simone on common accounting standards, income-shifting for multinational firms
Donald Trump performed a political pivot yesterday afternoon in Mexico — away from the familiar populist rhetoric of his campaign. After meeting with President Enrique Peña Nieto, he sounded more like a diplomat. "I was straight forward in presenting my views on the impacts of current trade and immigration policies on the United States."
But, back at a rally in Arizona just hours later, Trump pivoted back in the other direction. "On Day One we will begin working on an impenetrable, tall, powerful, southern border wall… zero tolerance for criminal aliens, zero, zero!"
Ron Brownstein is Senior Editor at the Atlantic and a student of the nuances of the Trump campaign.