Monday, November 21, 2011

More Than Zero?

General Electric sez it wants to pay more taxes. Why, it doesn't say. PR ploy or good corporate citizen. You decide.
Rebecca Wilkins, senior counsel with the nonprofit Citizens for Tax Justice, regarded GE's statement with suspicion.

"You've got to wonder why GE would want the system to be changed. I mean how much more negative would they like their rate to go? They are hugely benefitting from the current system," she says.


Anonymous Anonymous said...

Great PR for one of Obama's favored corporate captains, Jeffery Immelt... But that's all it is---PR BS... One has to wonder what will happen to the share price of GE stock now that the company has said it wants to pay more US Corporate Income Tax? And when the share value goes down as a result, one has to wonder what will happen to Mr. Immelt's tenure as the CEO of GE? As our real forefathers said: I think he speaks with forked tongue...

November 21, 2011 at 8:11 PM 

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