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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 [1] 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.

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click for larger graphic:
[2]

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Source:
G.E.’s Strategies Let It Avoid Taxes Altogether [1]
DAVID KOCIENIEWSKI
NYT, March 24, 2011
http://www.nytimes.com/2011/03/25/business/economy/25tax.html


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URL to article: http://www.ritholtz.com/blog/2011/03/ge-all-profit-no-taxes/

URLs in this post:

[1] NYT: http://www.nytimes.com/2011/03/25/business/economy/25tax.html

[2] 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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