General Electric, led by Obama appointee Jeffrey R. Immelt, reported worldwide profits of $14.2 billion last year -- with $5.1 billion coming from U.S. operations -- but had no American tax bill, and claimed a tax benefit of $3.2 billion, The New York Times said.
The Times reported that GE "has been cutting the percentage of its American profits paid to the Internal Revenue Service for years, resulting in a far lower rate than at most multinational companies." The story cited "an aggressive strategy that mixes fierce lobbying for tax breaks and innovative accounting that enables it to concentrate its profits offshore."
No hay comentarios:
Publicar un comentario