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Acting with Impunity: The Case of General Electric

Lawrence Wittner Common Dreams
Although technically a U.S. corporation, GE – with operations in 130 nations – apparently feels little loyalty to the United States. Jack Welch, a former GE CEO, once remarked: “Ideally, you’d have every plant you own on a barge to move with currencies and changes in the economy.” According to a Bloomberg analysis, to avoid paying U.S. taxes, GE keeps more of its profits overseas than any other U.S. company -- $108 billion by the end of 2012.
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