Detailed text transcripts for TV channel - FOXNEWS - 20110325:16:51:00
Fox business network. >> reporter: well, it's loopholes that corporations take advantage of. general electric is fighting back against this new york times report which says they, essentially, didn't pay any taxes. ge saying, look, we got tax credits, but it's not like uncle sam gave us a big refund. ge says they paid $2.9 billion in 2010, and they pay what they owe and that ge paid a significant u.s. income tax in 2010. but the exact quote you need to pay attention to is this one right here. ge saying the new york times story on tax liability misses the biggest part of the story which is the i...
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