Friday, March 25, 2011

GE's Strategies Let It Avoid Taxes Altogether

Corporations now pay only 6.6% of all US tax receipts, down from 30% in the 1950's. GE expects to get a tax benefit of $3.2 Billion for 2010 due to its aggressive strategies in pursuing loopholes and influencing legislation. No wonder we have such revenue problems in the country these days! 
http://www.nytimes.com/2011/03/25/business/economy/25tax.html?hp

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