GE to return $3.2 billion to US Treasury

[sasha031]

Facing criticism over the amount of taxes it pays, General Electric announced it will repay its entire $3.2 billion tax refund to the US Treasury on April 18.GE uses a series of foreign tax havens that the company says are legal and that led to an enormous refund for the 2010 tax year.

The company earned $11 billion in 2010 on revenue of $150 billion.The company, based in Fairfield, Conn., plans to phase out tax havens over 5 years and said it will create one job in the US for each new job it creates overseas.
http://www.forbes.com/feeds/ap/2011/04/13/business-us-ge-tax-refund_8405925.html

can you believe it?
Sam Stein reports that
samsteinhp Sam Stein
i feel less stupid now as the AP fell for the GE story (i only tweeted the hoax): http://bit.ly/eLCUmv

[Snotcicles]

1. WTF? nt

[dixiegrrrrl]

2. both links dead.

[sasha031]

3. they pulled the story, must of found out it was a hoax

[slipslidingaway]

4. "CORRECTION: AP story on GE Taxes Is Incorrect, Based on Hoax Press Release"

http://twitter.com/Forbes

[we can do it]

5. Its a HOAX