GE可能要去12了# Stock
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Tax Avoiding Champ GE Gets No Christmas Gift From Tax Bill, May Owe $9
Billion
The new tax reform bill could cost GE billions of dollars, according to a
Deutsche Bank analyst.
GE Is the Last of the Original 'Dirty Dozen' Dow Stocks: Here Are the Other
11
General Electric Co. (GE - Get Report) , which has paid a net negative
federal corporate income tax rate since at least 2008, may find itself on
the hook for as much as $9 billion in new taxes because of the Republican
tax bill, making the legislation less of a Christmas present than investors
expected.
GE was one of 18 Fortune 500 companies that paid no net federal income taxes
between 2008 and 2015, a study by the Institute on Taxation and Economic
Policy found. Though GE did report paying some federal taxes in 2010, its
overall rate during the period has been negative. In 2016, the company
earned $10 billion but recorded a tax benefit of $400 million for a 12-month
tax rate of -4.5%, according to Forbes.
Billion
The new tax reform bill could cost GE billions of dollars, according to a
Deutsche Bank analyst.
GE Is the Last of the Original 'Dirty Dozen' Dow Stocks: Here Are the Other
11
General Electric Co. (GE - Get Report) , which has paid a net negative
federal corporate income tax rate since at least 2008, may find itself on
the hook for as much as $9 billion in new taxes because of the Republican
tax bill, making the legislation less of a Christmas present than investors
expected.
GE was one of 18 Fortune 500 companies that paid no net federal income taxes
between 2008 and 2015, a study by the Institute on Taxation and Economic
Policy found. Though GE did report paying some federal taxes in 2010, its
overall rate during the period has been negative. In 2016, the company
earned $10 billion but recorded a tax benefit of $400 million for a 12-month
tax rate of -4.5%, according to Forbes.
