November 20, 2011
Reuters
By NewsMax.com
New disclosures about General Electric’s corporate tax filing show the extent to which a major American corporation will go to in order to avoid paying its share of U.S. taxes.
It was revealed earlier this year that GE, the largest corporation in America, paid no taxes on $14 billion in profits in 2010.
Now a GE tax officer reveals that the corporation’s federal tax return numbered an astounding 57,000 pages. If it was printed out and stacked, the pile would stand 9 feet high.
The size of the return came to light when House Budget Committee Chairman Paul Ryan argued for corporate tax reform at a recent town hall meeting, according to the Weekly Standard.
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