Build Date: Mon Dec 30 17:20:11 2024 UTC
oh man i'm starting to miss Cambodia.
-- rotten elf
General Electric: Corporation with Benefits
2011-03-31 09:45:21
GE reported global profits of $14.2 billion with $5.1 billion of the total from U.S. operations. Its American tax bill? LESS THAN ZERO. Based on tax laws which G.E. lobbyists helped to write, G.E. managed to claim a tax benefit of $3.2 billion.
The next time you hear someone complaining that America has the highest corporate tax rate in the world, ask them if they can name one corporation that actually pays that rate of tax.
We haven't been able to find ONE.
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