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Those aren't 1/1000th of GE's tax dodging and you know it.
by jellicle 15y ago
Those aren't 1/1000th of GE's tax dodging and you know it.
- yummyfajitas 15y agoThey have 287,000 employees. At $10k/employee/year, that's $2.87 Billion, on which they should have paid roughly 15% in taxes (about $400M). Throw in the $490M GE gets directly for it's wind projects, and ignore the value of it's loan guarantees, and we are up to nearly $900M. http://www.nationalreview.com/articles/279802/america-s-worst-wind-energy-project-robert-bryce http://www.nationalreview.com/articles/279802/america-s-wors... Do you seriously believe GE has dodged more than $900 billion in taxes?
- prakashk 15y ago> They have 287,000 employees. That's their employee count worldwide. Shouldn't only the US-based numbers be relevant in the current context?
- yummyfajitas 15y agoMy mistake (I just took the 1 minute google answer), it's only 133k in the US. http://www.sec.gov/Archives/edgar/data/40545/000119312511047479/d10k.htm#tx37537_11 http://www.sec.gov/Archives/edgar/data/40545/000119312511047... This cuts the estimate of their tax subsidies by a bit over $200M, so 1000x the remainder would be about $700B. Is it your contention that GE dodged taxes equal to roughly the cost of the US military?
- ppereira 15y agoThis may be an interesting piece of rhetoric, but does little to advance the argument. I know that GE employs some of the most sophisticated international tax planners on the planet (as they should). I have no idea how much tax they have avoided, and I doubt they evaded any. How much tax do you think they should have paid? How much should Johnson & Johnson have paid? Due to a quirk of the laws of Wisconsin, it is comparatively easy to find out how much money their corporations actually paid to the government, which is not necessarily close to the amount on their filings.