Tax and Spend

Tech giants pay little overseas corporate tax. This is a great thing. It would be better if they paid no taxes.

"Papers filed with US regulators revealed Apple's overseas tax rate fell to 1.9%, compared to 2.5% the previous year amid a headline corporation tax rate in the UK of 24% and 35% in the US."
"Apple is the latest company to come under scrutiny for overseas tax payments after Amazon, Starbucks, Facebook and Google."
"America's top five technology companies - including Facebook, Amazon and eBay - legally avoided around £850m in corporation tax last year, according to a Sunday Times investigation."

This statement is an oxymoron. If they paid all the taxes required by law, they didn't avoid any taxes.

Government spending produced the bulk of the latest increase in GDP, and that's bad for the economy, not good.