National

GE’s strategies let it avoid taxes altogether


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 the details at NYTimes.com 

 (Liv’s Opinion: Corporatism is the business arm of the Government, not to be confused with Capitalism)

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