GE paid no taxes on $14-billion in profits...57,000 page tax return!

[get_involved]

GE Filed 57,000-Page Tax Return, Paid No Taxes on $14 Billion in Profits | The Weekly Standard

 

[LadyGunSlinger]

Where are the Shitters??? Are they outside in front of Immelt's home?

 

[Political Junky]

ExxonMobil paid no federal income tax in 2009. (Updated) | ThinkProgress

 

[rdean]

Republicans should be celebrating. Isn't that what they want?

 

[Political Junky]

Republicans should be celebrating. Isn't that what they want?

It's what they want, except when they don't want it.

 

[LadyGunSlinger]

Check out the usual liberal Zombies sucking on the leftist teat.

 

[The T]

Check out the usual liberal Zombies sucking on the leftist teat.

Crony Capitalism on thier side means zero.

 

[Avorysuds]

This is where some idiot mindless drone claims "Hey, so now you righties want taxes on the rich!!!!!!???!!!!"

 

[rdean]

This is where some idiot mindless drone claims "Hey, so now you righties want taxes on the rich!!!!!!???!!!!"

Looks like some mindless drone beat us to it. As Rick Perry would say, "Oops".

 

[get_involved]

Where are the Shitters??? Are they outside in front of Immelt's home?

 

[The T]

This is where some idiot mindless drone claims "Hey, so now you righties want taxes on the rich!!!!!!???!!!!"

Actually? I demand a TAX on the poor...the moochers that dropped the ball of oppritunity they were afforded, and now are using the safety net as a hammock/lifestyle at OUR expense.

 

[Mr. H.]

It's legal, it's by the code, and it doesn't come cheap.
Think of the billions that GE spends in order to accrue tax credits.
GE is a huge economic powerhouse whose existence benefits hundreds of millions of people and touches the lives of billions on this planet.

If you want to attack their profits and lack of tax liability, attack the code.

 

[The T]

It's legal, it's by the code, and it doesn't come cheap.
Think of the billions that GE spends in order to accrue tax credits.
GE is a huge economic powerhouse whose existence benefits hundreds of millions of people and touches the lives of billions on this planet.

If you want to attack their profits and lack of tax liability, attack the code.

And sending Jobs overseas...

 

[Mr. H.]

A company this size is bound to have a considerable workforce located overseas.
Most do.

 

[The Infidel]

It's legal, it's by the code, and it doesn't come cheap.
Think of the billions that GE spends in order to accrue tax credits.
GE is a huge economic powerhouse whose existence benefits hundreds of millions of people and touches the lives of billions on this planet.

If you want to attack their profits and lack of tax liability, attack the code.

9-9-9 ​

 

[The T]

A company this size is bound to have a considerable workforce located overseas.
Most do.

And they too buy what they do keep it "over there" rather than where it should be as long as they are in cahoots with the arbitor of the problem...and that would BE the government, and taxation policies that keep them in thier present state.

 

[Mr. H.]

A company this size is bound to have a considerable workforce located overseas.
Most do.

And they too buy what they do keep it "over there" rather than where it should be as long as they are in cahoots with the arbitor of the problem...and that would BE the government, and taxation policies that keep them in thier present state.

It is pretty obvious that GE has intentionally positioned itself worldwide for the purpose of offsetting profits in order to reduce their overall tax liability.

But again, they're playing by the rules. And the rules aka the tax code, along with various policies, will be dificult to adjust in one fell swoop.

 

[The Infidel]

A company this size is bound to have a considerable workforce located overseas.
Most do.

And they too buy what they do keep it "over there" rather than where it should be as long as they are in cahoots with the arbitor of the problem...and that would BE the government, and taxation policies that keep them in thier present state.

It is pretty obvious that GE has intentionally positioned itself worldwide for the purpose of offsetting profits in order to reduce their overall tax liability.

But again, they're playing by the rules. And the rules aka the tax code, along with various policies, will be dificult to adjust in one fell swoop.

Cain is Abel

 

[The T]

A company this size is bound to have a considerable workforce located overseas.
Most do.

And they too buy what they do keep it "over there" rather than where it should be as long as they are in cahoots with the arbitor of the problem...and that would BE the government, and taxation policies that keep them in thier present state.

It is pretty obvious that GE has intentionally positioned itself worldwide for the purpose of offsetting profits in order to reduce their overall tax liability.

But again, they're playing by the rules. And the rules aka the tax code, along with various policies, will be dificult to adjust in one fell swoop.

Especially when you have a POTUS in your corner that revels in the inner workings of a Communist State as China which he adores...

 

[rdean]

Republicans should be celebrating. Isn't that what they want?

It's what they want, except when they don't want it.

So they want it today? Or is that tomorrow?