GE: Obscene Profits. No Taxes. | Weekly Top Ten

Week ending Friday, March 25, 2011 Weekly Highlight: "Imagination At Work," Or Figuring Out How to Pay No Taxes On Obscene Profits by Abby Zimet General Electric, the nation's largest corporation and maker of Japan's failed nuclear reactors, last year had worldwide profits of $14.2 billion. They paid no taxes - and claimed a $3.2 billion tax benefit, thanks to fierce lobbying and what the Times calls  "innovative accounting." Oh yeah, and Obama just named its CEO his liaison with the business community. An infuriating look at what's wrong with multinational capitalism, and this weekend's US Uncut actions nationwide to protest it. Our Weekly Most Read Views... John Nichols: America's Not Broke, Wisconsin's Not Broke; We're Just Wasting Money on War Ralph Nader: Nuclear Nightmare Robert Fisk: Libya: The Wearingly Familiar Odor of Regime Change Rebecca Solnit: The Butterfly and the Boiling Point: Charting the Wild Winds of Change in 2011 Bill Berry: George Carlin Knew Why They Call it 'The American Dream' Medea Benjamin & Charles Davis: Instead of Bombing Dictators, Stop Selling Them Bombs Paul Buchheit: March Madness for Corporate Tax Dodgers Bill McKibben: Reliably, Irredeemably Wrong: The US Chamber of Commerce Marjorie Cohn: Stop Bombing Libya Angi Becker Stevens: In Michigan, We’re Facing More Than Just a Class War Our Weekly Most Read Headlines... Liberal Democrats in Uproar over Libya Action US Soldiers Posed with Dead Afghan Maine Governor LePage Orders Removal of Labor Mural from Dept. of Labor, Sparking Outcry Germany Set to Abandon Nuclear Power for Good Dennis Kucinich: What Is Economic Democracy? West’s Strikes on Libya hit Arab League Criticism Some Critics of Japanese Storage System See a Worse-Than-Chernobyl Scenario Ahead Judge Issues Temporary Order Blocking Union-Busting Bill Plastic Particles Circulating Endlessly in World's Oceans 'Kinetic Military Action' or 'War'? Home About Us Donate Sign Up Archives Videos... Attacking the US Middle Class? Michael Moore & Donna Smith: Still Sicko Six Libyan Villagers Shot by US Team Rescuing Pilot US Fires Tomahawks, Teachers at the Same Time The Nuke Lobby has the US Regulatory Commission in Their Pocket Founded in 1997, CommonDreams.org is an Internet-based progressive news and grassroots activism organization. We are nonprofit, independent and nonpartisan. Our Mission: To inform. To inspire. To ignite change for the common good. © Copyright 1997-2011 You are subscribed to Common Dreams as . Click here to unsubscribe