Friday, March 25, 2011

G.E. pays no Taxes? Government Pals - Double Standards

NYT Reports - General Electric, the nation’s largest corporation, had a very good year in 2010.

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.

Who says there is no corruption?

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