First, It’s Outsourcing Jobs – Now It’s Evading Taxes

G.E.’s Strategies Let It Avoid Taxes Altogether By David Kocieniewski, New York Times 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 Read article here