GE is also a special case because they are using a loss carryforward. GE Capital lost billions in 2008 and 2009 which means GE's profit averaged over the past few years is close to zero.
This allows them to pay yearly taxes as if they made little profit.
This is actually a good thing - it avoids disproportionately taxing companies with volatile incomes.
This allows them to pay yearly taxes as if they made little profit.
This is actually a good thing - it avoids disproportionately taxing companies with volatile incomes.