GE is playing defense after a NYT article said the company paid zero in US taxes.
On Twitter, GE PR is fighting with Henry Blodget over the some technicalities.
The company has put up a GE Tax fact sheet, which links to this presentation (.pdf) from the Business Roundtable laying out the need for reform of the US tax system.
The gist: Only the US forces companies to pay taxes on overseas earnings, and since non-US earnings are a growing share for everyone, this is putting US companies at a big disadvantage.
To read the full, original article click on this link: 3 Reasons Why The US Tax Code Puts American Companies At A Massive Disadvantage
Author: Joe Weisenthal
