GE is the Poster Child for Why the U.S. Must Revamp Its Income Tax System
March 25, 2011 at 11:56 AM EDT
News that General Electric (GE) earned more than $5 billion from its U.S. operations last year and yet paid absolutely zero in corporate taxes should disturb everyone who is concerned with the federal government’s budget deficit, or even just fairness more generally. Yesterday’s New York Times story entitled “GE’s Strategies Let It Avoid Taxes Altogether” [...]