National Review senior editor Ramesh Ponnuru appeared on Bloomberg TV’s Political Capital on Friday evening to discuss two of the week’s big stories in financial news: the Senate hearings on Apple’s tax payments and the survival of Jamie Dimon as CEO of JP Morgan.
About Apple Ponnuru observed, “It’s odd for senators to haul in a company to justify obeying the tax laws that the senators themselves wrote . . . . [America] should follow the Irish example, or at least move a little bit closer to it, rather than castigating people for finding it attractive.” Ireland has a much lower corporate tax rate than the United States, making it an appealing location to do business for corporations like Apple.
When it comes to Dimon, says Ponnuru, “it’s not all that surprising” that he did well — JP Morgan’s profits are at a record high.
Ponnuru appears here alongside Bloomberg View columnist Margaret Carlson.
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