Yahoo has the story 20 U.S. companies that paid 0% in taxes.

It is amazing that these people can see the problem, but pretend not to see the obvious solution.

There needs to be international coordination of tax laws. There are countries that don’t want to play along, and want to offer low taxes for a fee that is large enough to support the small population. The rest of the international community can decide how they want to deal with those countries. No trade agreements or special tariffs for those countries might be some ideas.

It was George W that put a stop to the efforts at coordination. I don’t know if those efforts have been restarted.

For those people who think lowering taxes will increase business investment enough to make a difference, I have to ask “What part of no freakin’ customers do you not understand?” If there are not enough customers to buy stuff, why would any company want to invest in producing more stuff?