Part of the problem I will note is that the tax code has become such a complex morass of special provisions that have been carved into it by politicians in the interest of this or that special interest. It is these that have led to many people who would otherwise pay their taxes to being able to avoid paying them or getting returns. One solution would be to remove at least 90% of the exemptions and provisions that have crept in over the years and then lower the overall rates.
GE has benefited from quite a few such provisions. I will also note the close relations that GE has with political powers that be when incentives for things such as clean energy (a misnomer if anyone asks me) are written. However I will note that the GE tax story has been found to be a bit less than accurate...Story was based on a hoax press release that went viral see: http://www.vpr.net/npr/135376205/
--Werehawk--
My mom's brief take on upcoming Guatemalan Elections "In last throes of preelection activities. Much loudspeaker vote pleading."
GE has benefited from quite a few such provisions. I will also note the close relations that GE has with political powers that be when incentives for things such as clean energy (a misnomer if anyone asks me) are written. However I will note that the GE tax story has been found to be a bit less than accurate...Story was based on a hoax press release that went viral see: http://www.vpr.net/npr/135376205/
--Werehawk--
My mom's brief take on upcoming Guatemalan Elections "In last throes of preelection activities. Much loudspeaker vote pleading."