Sunday, April 3, 2011

The Big Story: GE paid NO taxes for the last four years

This story really captures it all. You just cannot ignore it. Everyone has an opinion or slant on the story. GE files a 24,000 page tax return and their tax department employs 975 people. Corporate tax revenue has fallen from 30% of federal tax revenue to 6% of tax revenue in 2009.

The NY times reported that General Electric (GE) paid no taxes for the last four years. You can read the story here.

And here.

and Working Asset the website is here.

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