Tax-Avoiding GE Saw a 77% Profit Boost Last Quarter
Business • April 2011 • Views: 1,381
And now to dovetail my recent LGF page, Sen. Bernie Sanders’ Guide to Corporate Freeloaders.
Tax-Avoiding GE Saw a 77% Profit Boost Last Quarter
By Adam Clark Estes
Somebody probably just got a bonus at General Electric, where profits jumped a whopping 77 percent in the first quarter of this year. According to the Wall Street Journal, an impressive turnaround by the company’s one-time cash cow GE Capital as well as a huge backlog in orders for industrial equipment. The profit grand total? $3.4 billion.