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Post by Savoir Faire-Demogague in NJ on Mar 31, 2011 15:03:57 GMT -5
Read it and weep.... www.marketwatch.com/story/immelt-defends-ges-lower-us-tax-payments-2011-03-31?reflink=MW_news_stmp(click link for full story) March 31, 2011, 3:20 p.m. EDT Immelt defends GE’s lower U.S. tax payments In Washington speech, Immelt urges tax and regulatory reforms By Jeffry Bartash, MarketWatch WASHINGTON (MarketWatch) — The top executive of General Electric on Thursday said the taxes paid by the corporate giant are likely to rise soon as he defended the company’s efforts to minimize its overall tax bill. CEO Jeffrey Immelt said the company has paid lower taxes over the past few years than what a company would typically pay mainly because of $32 billion in losses suffered by its GE Capital unit after the U.S. financial crisis of 2008. He said GE’s /quotes/comstock/13*!ge/quotes/nls/ge (GE 20.04, -0.07, -0.35%) taxes are expected to increase in 2011 as the company continues to recover and rebuild its profits. |
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brdsl
Familiar Member
Joined: Dec 28, 2010 11:56:10 GMT -5
Posts: 863
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Post by brdsl on Mar 31, 2011 15:18:33 GMT -5
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Post by Savoir Faire-Demogague in NJ on Mar 31, 2011 15:25:10 GMT -5
ROFLMAO
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