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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: Giordano Bruno who wrote (36573)3/25/2011 10:11:13 AM
From: ggersh  Read Replies (1) | Respond to of 71408
 
Like he needs it.



To: Giordano Bruno who wrote (36573)3/25/2011 12:57:17 PM
From: John3 Recommendations  Read Replies (1) | Respond to of 71408
 
He who has the gold makes the rules...

G.E.’s Strategies Let It Avoid Taxes Altogether

nytimes.com

excerpt:

The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States.

Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion.

[...]

Its extraordinary success is based on an aggressive strategy that mixes fierce lobbying [1] for tax breaks and innovative accounting that enables it to concentrate its profits offshore.

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1. "Fierce lobbying" means that GE donates millions of clownbucks to BOTH political parties and calls in favors from Congress and the White House regardless of which side wins.