Gerry Canavan

the smartest kid on earth

Kleptocracy Watch

with one comment

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.

Written by gerrycanavan

March 25, 2011 at 3:28 pm

One Response

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  1. I think I’ll offshore all my taxable income too. It’s appalling that GE continues to be a huge defense contractor but pays nothing here on its profits.

    Pete

    March 26, 2011 at 10:01 am


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