Off-Topic: GE's Heavy Tax Load
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Name:
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lotowner
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Subject:
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GE's Heavy Tax Load
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Date:
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3/26/2011 6:31:37 AM
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This company has it's tenacles going everywhere. Maybe corporate tax laws might be a good place to start. And Obama wants the tax rates to be higher!
The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States.
Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion.
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