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General Electric paid 2.3 percent in taxes on $81 billion in profits: report

U.S. corporation General Electric (GE) paid just 2.3 percent in federal taxes over the last 10 years, even as it reaped more than $81 billion in profits over that same period, according to an analysis of the company’s most recent tax filings. Nonpartisan watchdog group Citizens for Tax Justice said…

Study proves many U.S. corporations pay zero taxes

Dozens of US corporations paid no federal taxes in recent years, and many received government subsidies despite earning healthy profits, a new study showed Thursday. The report by Citizens for Tax Justice and the Institute on Taxation and Economic Policy, which examined 280 US firms, found 78 of them paid…

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