GE to return $3.2 billion to US Treasury

To everyone who thinks we need to raise taxes, GE is a good lead to follow. If you want to pay more taxes, go right ahead. No one is stopping you. Cut a check to the IRS. Raise your own taxes, feel better and then leave my money alone. The government already gets half of my income.

there was a time when GE use to be an Honest Co.I worked for GE years ago,and it was a great Company to work for.But now with Immelt and his crooked dealings with the Obama Administraion has Tarnished it's image.My stock have become worthless,and all Immelt is worried about getting his pay raises and TARP money from Obama.It's time to fire Immelt.NEVERMIND THE STUPID GREEN TECHS IMMELT! Immelt and GE were too profit big from Obamacare and Cap and trade.the President of this Company and Obama need to be fired ASAP!

Can you say "shareholder lawsuit". If GE followed the law as they claim, every dollar they are giving to the government is legally in the corporate purse and to donate a third of their earnings to the government is insane from a shareholders standpoint. This is the governments fault and not GE's, the government needs to simplify the tax code and politicians need to quit giving lobbyist everything they want. Yes, corporations should pay their share (although you could argue corporations are just an extension of the shareholders who already are taxed), but at 35% the US has the highest corporate tax rate. Simplify it down to a 20% flat tax rate for corporations and individuals and follow the Pareto Principle, the government should be able to survive on 20% and let the individual and businesses keep 80% of what they earn.

No this is a true story. I have a buddy that works in the Treasury. They are paying this.

But you all are right. They legally defray taxes by not repatriating cash in offshore businesses. If that tax code changed, the tax payment would be more like 35 billion. Tax policy needs to be changed to reduce taxes for 100% onshore work (verifiable with American employees and suppliers in American plants) and heavier taxes for overseas investments WW. It is the opposite today.

Who ever decided in the ranks to do this, should be commended, though I'm sure it wasn't easy to do. Way too many free rides by huge companies, I don't mind paying taxes, but everyone should pay their due as well.

If GE is doing this as a civic service, I no longer want to 'invest' in their stock. This is not a decision a prudent business would make. But I suspect that there is an ultier motive to Imelt's announcement that might benifit him, but not the stockholders.

It always sounds good when someone elses money is being spent the way you would like, but not if it is your money. This is the stock holders (big and small) money.

John Gault is cringing, or laughing

The laws that make this kind of stuff "legal" were carefully crafted over the years by our Congress, usually to benefit a particular client (whoops, I mean constituent) and taken advantage of by everyone else with a team of tax lawyers on staff.

this is probably part of the $28billion in cuts (yeah right) they are cutting nothing.

corps do not get refunds unless they overpaid to begin with.

this is bull

Sure makes me wonder what kinds of promises GE has gotten from the Obama administration. You do understand, don't you, that they are not giving back billions of dollars without assurances of making it all back, plus more?

we would have a balanced budget in no time if we made US corporations pay their fair share and put the crooked CEO's of the aforementioned corporations in prison