Monday, March 28, 2011

No Tax Liability for GE


GE made several billion dollars this past year. They are (or used to be) an American company. They paid zero American taxes on those billions of dollars. Should they?

Listen to this story at APM Marketplace

Turns out that GE is not the only "American" company avoiding U.S. taxes...Zug, Switzerland has been a tax haven for many multinationals (multibillionationals?). Lesley Stahl did this report for 60 minutes.



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