Is GE Paying Its Fair Share?
Chances are you have used a GE appliance, turned on a GE light bulb, flown on a plane powered by a GE aircraft engine, seen a GE locomotive or wind turbine, taken out a loan from GE Capital (its lending division), or watched a program on NBC (partly owned by GE).
General Electric Company (GE) is a multinational conglomerate corporation with 287,000 employees. It is one of America’s oldest and largest companies. GE was one of the original twelve companies listed on the Dow Jones Industrial Average and is consistently ranked near the top on the Forbes Global 2000 and Fortune 500 lists. GE is also one of the best-known global brands. The company has been ranked first in Fortune magazine’s “Global Most Admired Companies” and “America’s Most Admired Companies” lists.
But GE has a major public-relations problem. It has been widely reported, including in the New York Times, that GE earned $14.2 billion in worldwide profits last year, including $5.1 billion in the United States, and paid NOTHING in federal corporate income tax.
And now… the rest of the story. …..
Harold
