Detailed text transcripts for TV channel - CNN - 20110331:21:52:00
April 18th. right around the corner. millions of americans are gathering up receipts and w-2 forms to file taxes, but general electric and vast army of accountants has a federal tax bill that may be surprising. the company that touts we bring good things to light had been very good about shielding its profits from u.s. tax collectors. ge had profits of $14.2 billion in 2010. $5 billion of that made in the united states. but the company's expected u.s. tax bill, a grand total of zero dollars. that's right. zero dollars is what ge owes to the irs. they're also claiming a $3.2 billion tax benefit...
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