Carlin: Wall Street Owns Washington

Peter Lanza father of Adam Lanza is the TAX DIRECTOR for General Electric!

Peter Lanza

Tax Director and Vice President – Taxes at GE Energy Financial Services

http://www.linkedin.com/pub/peter-lanza/11/515/83b

GUESS WHICH COMPANY PAID $0 IN TAXES (ON $14.2 BILLION IN PROFITS)? HINT: ITS CEO WORKS FOR OBAMA

Half of all Americans don’t pay federal taxes on their income. And neither, apparently, does General Electric, the multi-national company that reaped $14.2 billion in profits last year. Though G.E. is the largest corporation in the U.S., it did not have to pay a […]

ECB Liquidity: Back-Door Bazooka Or Suspension Of Democracy, BARCAP Opines

by ZH

The market’s reaction to Draghi’s comments over the last week have been visceral in its schizophrenia. While his ‘temporary’ provisions, three-year LTROs specifically, provide a life-line of liquidity (a la TLGP – and how is that working out for the US banks having to roll now?), they hardly address the real underlying problem of the vicious circle between sovereign debt’s now-risky nature and financial balance sheets bloated with zero-risk-weighted re-hypothecated peripheral bonds. The […]

Outrage: GE pulls in $14B, makes $5B profit, pays $0 US taxes

General Electric, the nation’s largest corporation, had a very good year in 2010.

The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States.

Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion.

That may be hard to fathom for the millions of American business owners and households now preparing their own returns, […]

G.E.’s Strategies Let It Avoid Taxes Altogether

G.E.’s Strategies Let It Avoid Taxes Altogether
By DAVID KOCIENIEWSKI
Published: March 24, 2011
New York Times

The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States.

Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion.

That may be hard to fathom for the millions of American business owners and households now preparing their own […]