Posts tagged ‘Tax Refund’

April 13, 2011

GE Rebuffs Tax Refund Report as ‘Hoax’

General Electric called an earlier media report Wednesday that it would repay a $3.2 billion tax refund to the Treasury Department a “hoax.”

Members of an activist group calling themselves the “Yes Men” claimed responsibility for the hoax, according to a report from Reuters.

Earlier Wednesday morning, the Associated Press reported that the U.S. conglomerate—using “a series of foreign tax havens”—would repay the “enormous” refund it received for the 2010 tax year.



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