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Interesting. GE finally paid some taxes.
Did our extremists in Washington forget to mention how little corporations were actually paying due to loopholes and other tax avoidance schemes? Yes. It is called cherry picking. They cited the 35% corporate tax. But forgot to mention how little corporate America really paid. I believe that actual number was somewhere just above or below 20%.
Companies who hire more bean counters and less product innovators tend to have least taxes. GE had a 400 man corporate office just to manipulate spread sheets so that GE paid no taxes in many years.
When was the last time in thirty years that GE made an innovative product (other than in their aircraft engine division)?
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