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GE pays no income tax
On Mar 29, 2:43*pm, "DGDevin" wrote:
"JoeSpareBedroom" *wrote in ... There's a big difference between "low corporate taxes" and "no corporate taxes". Do you think it's right for American corporations to pay NO taxes based on money they make entirely within America? Bingo. *America has a high rate of corporate tax (about to be the highest once Japan cuts its rate) but since many corporations find ways to slide around that tax rate it's not a realistic figure. *And when a company can pay little or no tax at all, something is wrong. *The Obama administration wants to cut the basic rate but also close the loopholes, that will draw predictable screams of outrage from the Republicans no matter how good an idea it is. GE was a major contributor to Obama and he has no intention of changing what GE has to pay. |
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