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AFL-CIO Now

Showing blog posts tagged with General Electric

Tax Day and Equal Pay Day Will Make Tuesday a 'Twofer'

Do you believe wealthy Americans and corporations should pay their fair share in taxes and women should receive equal pay?  Then April 17 is “Twofer Tuesday.” As part of the 99% Spring movement, some 100,000 activists will use Tax Day as a platform to demand that the 1% and corporations pay their fair share. April 17 is also Equal Pay Day, the date symbolizing how far into 2012 women must work to earn what men earned in 2011.

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Report Brings GE's 2.3% Tax Bite to Light

General Electric (GE)  records show that it pays far, far less in taxes than us ordinary taxpayers. So much for the claim that corporate taxes are too high. GE’s Securities and Exchange Commission 10-K filing for 2011 reveals that the company paid at most 2.3 percent of its $81.2 billion in U.S. pretax profits in federal income taxes during the past the past 10 years.

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Verizon and 29 Other Big Corps Paid No Taxes Since 2007

While Verizon workers toil without a contract, a report issued jointly today by Citizens for Tax Justice and the Institute on Taxation and Economic Policy shows that it’s not just its workers the company is short-changing; it’s all of the American people. For the last three years, Verizon has paid less than zero taxes. That’s right—through the use of corporate loopholes, Verizon has actually made” money through its tax filings, according to the report, “Corporate Taxpayers and Corporate Tax Dodgers.”

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Tell Corporate Tax Dodgers: Pay Up!

As part of the Tax Day: Make Them Pay mobilization, the AFL-CIO community affiliate Working America is urging people to tell Congress to close the corporate tax loopholes that allow companies like ExxonMobil to rake in $19 billion in profits in 2009 and yet pay no federal income taxes—and instead, get a $156 million rebate from the Internal Revenue Service (IRS). You can tell these corporate tax scofflaws to pay up—click here.

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’60 Minutes’ Shills for Corporate Tax Breaks

Corporate taxes–or more succinctly corporate tax avoidance–has grabbed some big headlines recently starting with The New York Times report that GE, with worldwide profits of $14.2 billion, didn’t pay a dime of U.S. tax in 2010, but got $3.2 billion tax benefit. All legit and all because of corporate tax loopholes companies like GE have lobbied hard to put in place.

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$93 Million Upgrade Will Save GE Plant and 700 Jobs

Workers at a General Electric’s (GE’s) refrigerator plant in Bloomington, Ind., have been fighting to keep the facility viable in the cutthroat global economy. Now, two years after the company said it was going to shutter the plant, workers are celebrating a new day. Instead of closing the plant, GE has announced it will invest $93 million in upgrades and begin to produce energy-efficient refrigerators at the plant.

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