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| "GE......and anyone having foreign operations..........can pidgeon hole cash within those foreign operations........AND pay foreign taxes............and US does not tax those earnings until the cash is brought home. So, if the money is kept overseas and used to finance those operations overseas, I fail to see how that is a big no-no..............if GE is not supposed to function overseas, then pass a law--------until that time, what "........happens in Vegas stays in Vegas.""
FWIW, this is the exact same thing many folks want to call a susidy tomthe oil industry, yet it's standard practice. | |
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How You Can Pull A GE On Taxes!
