Quote:
Originally Posted by _Richard_
We should be curious because that sort of behaviour obviously doesn't stop there.
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What sort of "behaviour" are you thinking GE does?
They take advantage of every legal tax deduction that they can. That's smart business. I do that too. And so does everyone I know.
I'm unaware of anybody who deliberately doesn't take deductions. Taxes are the number one cost of business (the actual taxes: federal, state, local, property, matching funds for employees PLUS accounting fees, corporate licensing, etc.).
If GE didn't do everything they could, they wouldn't have existed all these decades.
In my opinion we should be lowering their rates and stopping some of the regulations that burden them from doing business in the U.S.
I saw them on the news last year showing the GE jet engine plant...in South America!!!
That should be in the United States.
But it makes better business sense for them to build it down there.
We should be figuring out ways to attract them back to build things like that in the United States.