Mar
28
2011

GE Avoids Reporting on GE Avoiding Taxes

You may have heard about the New York Times report (3/25/11) explaining that General Electric made $14 billion in worldwide profits in 2010–and paid the federal government exactly nothing in taxes. The Times explained this is"based on an aggressive strategy that mixes fierce lobbying for tax breaks and innovative accounting that enables it to concentrate its profits offshore." Despite the Comcast purchase, GE is still apart owner of NBC and MSNBC–the latter conventionally thought to be a liberal-leaning outlet. So did they say much about a giant corporation keeping profits offshore in order to avoid paying taxes? Not really; Paul […]