Nobel-winning economist calls Apple's business practices 'fraud'

Getty/Win McNamee Nobel-winning economist Joseph Stiglitz blasted Apple on Thursday, calling its alleged use of Ireland to avoid taxes "fraud." "Here we have the largest corporation in capitalization not only in America, but in the world, bigger than GM was at its peak, and claiming that most of its profits originate from about a few hundred people working in Ireland — that's a fraud," Stiglitz told Bloomberg. "A tax law that encourages American firms to keep jobs abroad is wrong, and I think ...