GE Taxes: Setting The Record Straight

There's a heated debate over General Electric's taxes in places ranging from the front page of the New York Times to the blogosphere to, of all places, "The Daily Show." In the 10 days since the Times touched off this debate, what started out as something resembling a conversation has degenerated into posturing, name-calling, and shrieking. So, did GE really not pay any income taxes on a $5.1 billion U.S. profit last year? Is it really getting a tax refund?

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