The real GE scandal
"The scandal is not that GE is paying no U.S. taxes for 2010; that will be temporary. The scandal is that we're not facing the realities of globalized business. Liberals would penalize U.S. multinationals by raising their taxes; conservatives champion dubious tax cuts for the rich. Whatever their partisan appeal, these policies do little for the economy. It's true that many factors influence where companies expand: wage rates, local markets, government regulations, exchange rates. But if we take away one factor -- taxes -- we're crippling our ability to compete for global business."
4/4/2011 6:01 PM
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