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

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.

FRIENDS: Now More Than Ever

Independent journalism has become the last firewall against government and corporate lies. Yet, with frightening regularity, independent media sources are losing funding, closing down or being blacked out by Google and Facebook. Never before has independent media been more endangered. If you believe in Common Dreams, if you believe in people-powered independent media, please support us now and help us fight—with truths—against the lies that would smother our democracy. Please help keep Common Dreams alive and growing. Thank you. -- Craig Brown, Co-founder

Support Common DreamsSupport Common Dreams

Share This Article

More in: