"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.

This is the world we live in. This is the world we cover.

Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Simply Don't Exist.

Share This Article

More in: