"Imagination At Work," Or Figuring Out How to Pay No Taxes On Obscene Profits

"Imagination At Work," Or Figuring Out How to Pay No Taxes On Obscene Profits

by
Abby Zimet

General Electric, the nation's largest corporation and maker of Japan's failed nuclear reactors, last year had worldwide profits of $14.2 billion. They paid  no taxes - and claimed a $3.2 billion tax benefit, thanks to fierce lobbying and what the Times calls  "innovative accounting." Oh yeah, and Obama just named its CEO his liaison with the business community. An infuriating look at what's wrong with multinational capitalism, and this weekend's US Uncut actions nationwide to protest it.

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