Big money. Two trillion dollars. If you could touch it, it would reach…oh, I dunno, I’m not going to tell you how high that stack would go and, actually, the point is, you can’t touch it: it’s stashed overseas. In corporate bank accounts. But, here’s the beauty: if you want to know what it feels when the Fortune 500 fleece the country to the tune of $550 billion in dodged taxes on that $2 trillion hiding in foreign bank accounts, just pull out your billfold…empty…well, that’s cuz the tab for that fleecing is on YOU.
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Jonathan Tasini's Ruminations on Work, The Economy, and PoliticsTag Archive | "General Electric"
Fortune 500 Stashing $2 TRILLION Overseas, Dodging $550 Billion In Taxes, The People Pay The Tab
Posted on 20 May 2014.
Posted in General InterestComments (4)
GE Loves The Deal
Posted on 10 January 2013.
Another day, another tidbit of info to shine the light on the awful tax bill passed (I guess we can call it Obama-McConnell?). Corporations are getting off, again, with big breaks that make no sense.
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Corp Tax Cheats 2011–Drumroll, Please
Posted on 19 April 2011.
I’m about to dash off to a protest at the main postal office here in Manhattan for a Tax Day demonstration sponsored by US Uncut, the NY chapter of the Coffee Party and assorted other malcontents like me. In that spirit, I thought it worth leaving us with this list of the corporate tax […]
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The Corporate Piggy Bank=The U.S. Treasury and YOUR Money (W Video)
Posted on 26 March 2011.
Every CEO running a big multi-national company in America knows that, when times are tough, they have one sure way to save a lot of money and a place to go for cash: the U.S. Treasury. This is nothing new. But, today, we have two flashing red lights about how your money is being […]
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White House’s GE Man: Top Corporate Tax Avoider
Posted on 02 February 2011.
If Jeffrey Immelt, the White House’s just-appointed head of the President’s Council on Jobs and Competitiveness, has anything to say about corporate taxes, you can bet the message will be simple: corporations should pay lower taxes. How do we know that? Because in his job, as CEO of General Electric, he excelled at fleecing the […]
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General Electric: Killing Chinese Workers For A Cleaner Environment
Posted on 02 April 2008.
I have to admit to a knee-jerk dislike when I hear the name "General Electric". It goes back to the days when the company that claims "we bring good things to life" was deep in the business of producing nuclear weapons, which have a quirky ability to end life. Then, there was the reign of […]
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