5 ms·
Google, Microsoft, GE, etc. "General Electric Paid No Federal Taxes in 2010" http://abcnews.go.com/Politics/general-electric-paid-federal-taxes-2010/story?id=
by sinnerswing 13y ago
Google, Microsoft, GE, etc.
"General Electric Paid No Federal Taxes in 2010"
http://abcnews.go.com/Politics/general-electric-paid-federal-taxes-2010/story?id=13224558#.UZqThqLkuSo http://abcnews.go.com/Politics/general-electric-paid-federal...
"GE's CEO, Jeff Immelt Heads Obama's Council On Jobs And Competitiveness"
http://www.huffingtonpost.com/2011/01/21/jeffrey-immelt-council-on-jobs-and-competitiveness_n_812005.html http://www.huffingtonpost.com/2011/01/21/jeffrey-immelt-coun...
"Former Google Exec Turns Whistleblower On Company’s Tax Avoidance Machinations In The UK"
http://techcrunch.com/2013/05/19/former-google-exec-turns-whistleblower-on-companys-tax-avoidance-machinations-in-the-uk/ http://techcrunch.com/2013/05/19/former-google-exec-turns-wh...
- TheMaverick 13y agoI guess it's a bigger deal for the media with Apple because it makes the most profit of all those companies dodging taxes.
- rayiner 13y agoGE also lost a shit ton of money during the collapse. It's paying no taxes in 2010 isn't abuse of a loophole, it's the simple consequence of provisions designed to address problems inherent in quantizing a continuous system. Unless you allow the IRS to write checks to businesses that lose money, no mathematically sensible income tax system doesn't have loss carry forwards.