APPLE AND LOOPHOLES.
The story about Apple, read here, going in front of a Senate committee about avoiding taxes, and the story about Lois Lerner, head of the IRS’s tax exempt division, invoking the fifth amendment, read here, in the hearings before a House committee, are great examples of irony.
The Senate hearings are a show, for the purpose of making the Senators look morally superior to an evil private company. They are trying to make Apple look bad for using the tax laws that these geniuses in the Senate created in the first place. (more…)