General Electric Tax Rate 2.3 Percent Over Decade, Report Finds

GE like most corporations have a pre-tax profit of just 2.3 percent over the past 10 years.
The analysis adds ups GE's profit in the years since 2002, which come to more than $81 billion, and sets it against the company's tax history over the same period.In some years, GE paid taxes. In other years, not so much. For 2002, 2008, 2009 and 2010, according to the report, GE didn't pay a cent in federal income taxes, and indeed got substantial tax refunds back from the government. GE paid taxes at a rate of 11.3 percent in 2011. Never since 2002 did GE pay taxes at the official 35 percent rate.

what to do about the low-tax earnings generated by U.S.-based multinationals abroad.

In 2004 temporary relief was enacted that produced an 85% deduction for foreign dividends, recently there is a strong push by corporation lawyers who would like to see similar tax provisions. Also in the making are "territorial" dividends exemption proposals.

International Corp Tax

New developments in International Corp Taxation.

Multinational Companies seeks tax advantages in a turbulant economic world.