If companies sit on their cash (during this recession), they’re going to lose.
Jeffrey R. Immelt, CEO. He just said this on 60 Minutes and called for a new tax system in the U.S. similar to the one in the UK and Germany so there are no “loopholes” and they would pay tax. The only issue is GE is not an American company. It’s a multi-national so if the tax system was overhauled, he’d just headquarter it somewhere else.
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