Posts tagged ‘tax haven’

April 13, 2011

GE to return $3.2 billion to US Treasury

Facing criticism over the amount of taxes it pays, General Electric announced it will repay its entire $3.2 billion tax refund to the US Treasury on April 18.

GE uses a series of foreign tax havens that the company says are legal and that led to an enormous refund for the 2010 tax year.



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