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GE: All Profit, No Taxes
Posted By Barry Ritholtz On March 25, 2011 @ 6:07 am In Bailouts,Earnings,Taxes and Policy | Comments Disabled
Today’s must read article is a NYT  piece about the amazing non-
profit tax-paying entity known as GE.
Yet another reason why you don’t bailout companies whose inability to manage risk allowed themselves to become destroyed: They not only do not deserve to continue with the same management/shareholders/creditors who all created the insolvency in the first place, but they are ungrateful bastards as well.
G.E.’s Strategies Let It Avoid Taxes Altogether 
NYT, March 24, 2011
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2011/03/ge-all-profit-no-taxes/
URLs in this post:
 NYT: http://www.nytimes.com/2011/03/25/business/economy/25tax.html
 Image: http://www.nytimes.com/interactive/2011/03/25/business/general-electric-where-taxes-are-a-source-of-profits.html?ref=economy
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