Monday, March 28, 2011

GE: Corporate thieves

General Electric is the world's second largest company. Last year, it made profits of US$14.2 billion, including US$5.1 billion from the US. So how much tax did it pay?

Nothing. In fact, it gained a US$3.2 billion rebate thanks to clever accountancy and rorting the tax system.

Thieves and parasites doesn't even begin to describe it...