Pure and simple as a hammer to the forebrain

     
 

General Electric: Corporation with Benefits
2011-03-31 09:45:21


The Corporate Fuck
 
Perfectly legal explosions are just NO FUN.
-- Master Squid

 

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.

Over.  End of Story.  Go home now.

xandria@pigdog.org


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