GE: All Profit, No Taxes

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.

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

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