General Electric, according to some calculations, pays an effective rate of less than zero in many years. GE claimed a tax
GE said in a Feb. 26 regulatory filing that it was holding $108 billion in profits overseas as of the end of last year.
The company with the most profits parked overseas is General Electric, according to a new Bloomberg analysis of 83 corporations
GE's federal tax dodging has a significant impact on Chicago's neighborhoods
We are calling on tax-dodging and highly-subsidized corporations to pay their fair share in taxes, to create good jobs in our communities, to reset the housing market and restore our economy, and to keep corporate money out of our democracy.
General Electric is not the only firm reaping enormous profits while paying far less than 35 percent to the government. Twenty
Washington politicians say high corporate tax rates are driving U.S. companies to invest offshore where tax rates are lower
Tax avoidance becomes inappropriate when it is the nation's major corporations that, through the efforts of their lobbyists, become the architects of the very tax avoidance schemes that they then take advantage of.
GE is not a bad guy for maximizing profits. Their actions are not illegal, or even immoral probably. But they are unfortunate, and reduce the value of a great American company.
There's a heated debate over General Electric's taxes in places ranging from the front page of the New York Times to the
This story was edited after publication. Immelt, to his credit, has not ducked the issue. On Thursday, the GE CEO spoke at
After a New York Times story reported that due to some creative accounting, General Electric paid $0 in American taxes in
It's the kind of accountability journalism that makes readers raise an eyebrow, if it doesn't raise their blood pressure
Stewart finally gave up after realizing Obama isn't going to be "hoping a** and taking change" as he had expected. But the
It seems to me that before we start celebrating corporate social responsibility, we should require of our corporations that they do one basic thing: they should pay their taxes.
Interestingly enough, though, Blodget goes a step further than the official GE response, which, while calling the story "distorted
Not only did GE, the highly-profitable recipient of federal contracts and bailout money, not pay taxes, we paid them $3.2 billion.
The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the