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General Electric enjoys HUGE profits, pays little tax

Discussion in 'Sports and News' started by CarltonBanks, Apr 21, 2011.

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  1. CarltonBanks

    CarltonBanks New Member

    Looks like not everyone is struggling:
    http://online.wSportsJournalists.com/article/SB10001424052748703983704576276564256544634.html?mod=WSJ_hp_LEFTTopStories

    Looks like someone is not paying their fair share...

    http://seattletimes.nwsource.com/html/editorials/2014684454_edit05taxes.html
     
    CarltonBanks, Apr 21, 2011
    #1
  2. RickStain

    RickStain Well-Known Member

    All of those profits were offset by tax losses from recent years. It's not like they had some kind of secret tax-avoision formula.
     
    RickStain, Apr 21, 2011
    #2
  3. Flying Headbutt

    Flying Headbutt Moderator Staff Member

    This was news, what, last month? Two weeks ago? It's been out there for a while though.

    Doesn't make it any less outrageous though.
     
    Flying Headbutt, Apr 21, 2011
    #3
  4. CarltonBanks

    CarltonBanks New Member

    They just released the profit report. Added a penny to the dividend its shareholders receive.
     
    CarltonBanks, Apr 21, 2011
    #4
  5. slappy4428

    slappy4428 Active Member

    http://www.sportsjournalists.com/forum/threads/82844/
     
    slappy4428, Apr 21, 2011
    #5
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