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0 taxes on $5B in US revenue is at least a major business strategy. 975 employees dedicated to tax avoidance.
by GoldenMonkey 16y ago
0 taxes on $5B in US revenue is at least a major business strategy. 975 employees dedicated to tax avoidance.
- anamax 16y ago> 0 taxes on $5B in US revenue is at least a major business strategy. No, it's a result. (And, it's 0 income taxes. There are other taxes.) > 975 employees dedicated to tax avoidance. No again - compliance. Like you, GE is not obligated to pay any more taxes than the law requires. The law is complicated, GE's biz is complicated, therefore they need a lot of folks to make sure that they're complying. Unlike you, GE gets to "help" write tax laws and regulations. That's possible because "the people" want the tax system to encourage some behaviors and discourage others. The only way to stop GE from gaming the system is to stop trying to use the tax system to achieve social goals.
- fr0sty 16y ago"tax avoidance" is a synonym for "tax compliance". Do you take your allowed deductions on your tax return? or use tax-deferred investment vehicles like IRAs or 401Ks? Do you report your investment losses? If so, why is your tax avoidance acceptable and GE's not?