Comments on: America is GE’s tax haven http://blogs.reuters.com/david-cay-johnston/2011/08/23/america-is-ges-tax-haven/ Sat, 23 Mar 2013 13:49:31 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: BornInUSA http://blogs.reuters.com/david-cay-johnston/2011/08/23/america-is-ges-tax-haven/#comment-153 Thu, 25 Aug 2011 02:50:05 +0000 http://blogs.reuters.com/david-cay-johnston/?p=66#comment-153 Wow!

Great research!

Presumably GE pays at a higher rate and allocates more to offshore because totality of laws and regulations (effective trade barriers like VATs?) of the countries involved make amounts paid optimal or necessary for GE. The importer pays the VAT, but the importer could be a subsidiary of GE, so transfer pricing. Maybe there are offsets.

There’s got to be reasons, no doubt complicated. There are so many different kinds of taxes. And what about fees other than taxes? One man’s fee may be another man’s tax.

Also, to what extent does the public (in, say, California) make up for revenue lost in corporate income taxes not paid by corporations? Sure, that’s state, and FIT is federal, but federal funds going to states have been cut to justify lower tax rates and continuing tax loopholes. Of course, Sales Tax isn’t paid by GE, it’s paid by retail consumers (probably based on price before energy credits or rebates).

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By: xuande http://blogs.reuters.com/david-cay-johnston/2011/08/23/america-is-ges-tax-haven/#comment-151 Wed, 24 Aug 2011 01:29:53 +0000 http://blogs.reuters.com/david-cay-johnston/?p=66#comment-151 DAVID,
YOU SHOULD ASK GE, WHY THEY ARE USING MELLON BANK LUXEMBOURG FISCAL AGENTE TO HANDLE NOTES.APPARENTLY ITALIAN LEGISLATION HAS MANY INTERPRETATIONS.

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By: lakemusic http://blogs.reuters.com/david-cay-johnston/2011/08/23/america-is-ges-tax-haven/#comment-150 Tue, 23 Aug 2011 23:40:10 +0000 http://blogs.reuters.com/david-cay-johnston/?p=66#comment-150 WE DEPEND ON GE FOR SO MUCH. I HOPE MY GE STOCK DOES BETTER.

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