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February 29, 2012
CTJ: GE Paid 2.3% Tax Rate on $81 Billion of Profits Over Past Ten Years
Citizens for Tax Justice, Press Release: General Electric's Ten Year Tax Rate Only 2.3 Percent:
General Electric’s annual SEC 10-K filing for 2011 (filed February 24, 2012) reveals that the company paid at most 2.3% of its $81.2 billion in U.S. pretax profits in federal income taxes over the last 10 years.
- Huffington Post, GE Breaks Law, Avoids Taxes. Gets Billions From Gov't, Avoids Taxes. Gets White House Post -- Ah, You Know The Rest
- Huffington Post, General Electric Tax Rate 2.3 Percent Over Decade, Report Finds
- Reuters, GE Had 11.3% Effective Tax Rate in 2011
- Wall Street Journal, Spat Between Tax Group, GE Highlights Hurdles to Tax Overhaul
February 29, 2012 in Tax, Think Tank Reports | Permalink
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Comments
The joke is, there are seven people who understand the GE return, and 16 of them work for GE.
Posted by: mike livingston | Mar 1, 2012 6:20:28 AM
