General Electric sez it wants to pay more taxes. Why, it doesn't say. PR ploy or good corporate citizen. You decide.
Rebecca Wilkins, senior counsel with the nonprofit Citizens for Tax Justice, regarded GE's statement with suspicion.
"You've got to wonder why GE would want the system to be changed. I mean how much more negative would they like their rate to go? They are hugely benefitting from the current system," she says.
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