GE Filed 57,000-Page Tax Return, Paid No Taxes on $14 Billion in Profits


GE Filed 57,000-Page Tax Return, Paid No Taxes on $14 Billion in Profits | The Weekly Standard.

“GE wasn’t taxed on $5 billion in U.S. profits because it utilized numerous deductions and tax credits, including tax breaks for investments in low-income housing, green energy, research and development, as well as depreciation of property.”

See the irony? Perhaps we should take away low income housing and green energy project write offs.

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