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November 22, 2011
Beyond the Powers of Auditing
GE Filed 57,000-Page Tax Return, Paid No Taxes on $14 Billion in Profits The return, which was filed electronically, would have been 19 feet high if printed out and stacked.Posted by gerardvanderleun at November 22, 2011 9:04 PM. This is an entry on the sideblog of American Digest: Check it out.
Your Say
They audit that return all right. Dozens of IRS agents audit GE's returns every day, all year long, forever. Same for most all megacorporations. They provide office space for the federals as well.
Posted by: Michael Gersh at November 22, 2011 10:01 PM
The next GE commercial will be in front of all the trees they saved. GE-Going Environmental.
Posted by: Peccable at November 23, 2011 2:52 AM
Most likely. They have a boatload of losses from the 2008 crash. Further a lot of their profits are overseas and not taxed until the cash is brought home.
Posted by: Fat Man at November 23, 2011 6:42 AM
To be consistent we should thank GE for using all those lawyers and accountants to keep money out of the government's maws.
Posted by: Brett_McS at November 24, 2011 3:29 AM