Off-Topic: GE's $0 Taxes

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	Name:	lotowner -
	Subject:	GE's $0 Taxes
	Date:	4/16/2010 9:07:25 PM

NEW YORK (CNNMoney.com) -- General Electric filed more than 7,000 income tax returns in hundreds of global jurisdictions last year, but when push came to shove, the company owed the U.S. government a whopping bill of $0.

How'd it pull off that trick? By losing lots of money.

GE had plenty of earnings last year -- just not in the United States. For tax purposes, the company's U.S. operations lost $408 million, while its international businesses netted a $10.8 billion profit.

Other messages in this thread:

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GE's $0 Taxes - lotowner - 4/16/2010 9:07:25 PM

GE's $0 Taxes - water_watcher - 4/17/2010 8:28:12 AM

that is why - water_watcher - 4/17/2010 8:29:56 AM

Hey WW - GoneFishin - 4/17/2010 1:59:01 PM

Hey WW - lakngulf - 4/20/2010 10:18:40 AM

Hey LNG - Lifer - 4/20/2010 5:55:14 PM

Hey LNG - lakngulf - 4/21/2010 8:51:43 AM

Hey LNG - Lifer - 4/21/2010 11:44:16 AM

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