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Originally Posted by TheMercenary
Remember now this is Obama's guy. His personal pic. The guy who is actively sending and creating jobs overseas, not here in the US. The king of outsourcing and dodging taxes...
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And here is why.
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Immelt said a small tax bill for 2010 was due to more than $30 billion in losses related to GE's financial services business during the financial crisis. In 2009, GE Capital's losses were so large that it company overall lost money on its U.S. operations.
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Now the issue which remains is how much have they historically been paying over, say the last ten years?