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Details of GE's U.S. Tax Return


Tim Eriksen
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By now I am sure all are aware that GE paid no U.S. income taxes in 2010.  Per the article, they had $14 billion in profits, $5 billion of which was in the US.  I am sure many of us find that troubling even though it is all legal.  What most of us are probably unaware of, is how large their tax return for 2010 was.  GE filed electronically.  If they had done a paper filing it would have been 57,000 pages, or 19 feet tall.  Who needs simplification?

 

http://www.weeklystandard.com/blogs/ge-filed-57000-page-tax-return-paid-no-taxes-14-billion-profits_609137.html

 

 

 

 

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