GE doesn't pay a penny in taxes, hasn't and won't for the foreseeable future. All is good in la la land.
If this were us, and something doesn't pan out on our taxes for whatever reason, and audit for example, an the IRS determines we owe as little as $100 they will come after us, the only avenue is to dispute it in court if we believe we don't. The judge who hears the case will make the determination at a later date. If its determined in their favor, as in most cases, it will linger till its resolved. During this time they have any number of ways of collecting it, and they will, and during this time add penalties and interest. GE on the other hand gets a pass every year for whatever reasons??. Their accounting is always perfect. Just like Arthur Andersons. Who knows how many clients, how many corporations they cooked the books for?. They must have had a department in their firm working constantly to shred, bag, and burn. Being a multinational does have its many advantages, just like the offshore hedgefunds.
