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Legal Commentary

: Res ipsa loquitur

Gee, No GE: Global Company With Almost $11 Billion in Profits

By jonathanturley

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Recently, we discussed that almost 50 percent of Americans pay no federal taxes. Now, we can add General Electric to that list. While the company made an estimated $10.0 million globally, it paid zero taxes last year through deductions and adjustments. GE claimed $408 million in losses in the United States while tying profits [...]

Full post as published by Res ipsa loquitur on April 17, 2010 (boomark / email).

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