Sunday, March 27, 2011

Why G.E.'s Tax Reducing Strategies Are Legit

Ira Stoll submits:

The New York Times has a long front-page news article calling for General Electric (GE) to pay more taxes. Regular readers of the coverage here of both General Electric and taxes know that I am critical of General Electric's efforts to use its political clout for special subsidies and that-- as a general matter-- I favor a tax code with simple low rates (or even a single flat rate) that treats everyone the same rather than favoring certain companies or groups or behaviors.

The Times does a pretty good job of explaining how GE achieves its low tax rate using outside lobbyists and an in-house 975-person (!) tax department that "includes former officials not just from the Treasury, but also from the I.R.S. and virtually all the tax


Complete Story »

Selita Ebanks Michael Michele Marisa Tomei Shannyn Sossamon Rachael Leigh Cook

No comments:

Post a Comment