Joseph Stiglitz: Law = No Corporate Taxes
on Monday, April 18, 2016Joseph Stiglitz Money Quote saying corporate lobby has manipulated the law to allow them to avoid taxes offshore. Joseph Stiglitz said:
![The law does permit it - [Large Corporations] use their lobbyists to make sure that the law gives them the scope to avoid taxes Quote](https://itsamoneything.com/money/wp-content/uploads/Joseph-Stiglitz-Lobbyists-Law-Avoid-Taxes.jpg)
“The law does permit it – [Large Corporations] use their lobbyists to make sure that the law gives them the scope to avoid taxes. So this argument ‘Oh, we’re only doing what the law allows’ is disingenuous” — Joseph Stiglitz
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The best interpretation of the quote by Joseph E. Stiglitz is that large corporations use their influence and lobbying power to manipulate the law to their advantage, allowing them to avoid paying taxes.
This quote suggests that these corporations are not simply complying with the law, but rather exploiting loopholes and exemptions to minimize their tax burden, often at the expense of the public good.
By using their resources and influence to shape the law to their advantage, these corporations are engaging in a disingenuous practice that undermines the integrity of the tax system and perpetuates inequality.