Just because tax avoidance is legal doesn't mean it is right

  @FortuneMagazine June 13, 2013: 7:10 AM ET
CAS01 offshore banks

Who said the U.S. Congress was good for nothing? You and I, probably, but neither of us was giving Carl Levin, John McCain, and the other members of the Senate's Permanent Subcommittee on Investigations their due. In drawing attention to corporate tax avoidance, most recently by hauling before it Apple CEO Tim Cook, the committee is performing an important public service. Nearly everybody agrees the system of corporate taxation is broken. But it is only if the public gets engaged (and enraged) that anything will be done.

Join the Conversation
CNNMoney Sponsors
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.