General Electric | Income Taxes | New York Times | The Daily Caller: Contrary to multiple news reports in 2011 that fingered General Electric as an income tax dodger during 2010, a GE representative told The Daily Caller the company did in fact pay more than $1 billion in U.S. taxes that year. Additionally, a document GE provided to TheDC establishes that the company paid $2.671 billion globally in income tax in 2010.
The document, a two-page chart from GE’s audited financial statements, turns on its head a strange corporate-accountability episode that began with an erroneous New York Times story.
The Times’ David Kocieniewski reported on March 24, 2011 that the company’s ”American tax bill” was “None. In fact, G.E. claimed a tax benefit of $3.2 billion.”
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