Homesteading Forum banner

1 - 10 of 10 Posts

·
Registered
Joined
·
31,291 Posts
Discussion Starter #1
GE Appliance employs about 12,000 workers, half of which are located at GE's historic, 900-acre Appliance Park in Kentucky. Other major factories are in LaFayette, Georgia and Bloomington, Indiana. But notably, some of those factories are state of the art:

After failing to sell in 2008, GE invested over $1 billion into its appliance business, replacing aging equipment and training employees in new technology. Most of Electrolux's research and development is done in Europe, while GE's is mostly done on site at Appliance Park.

The acquisition of GE's appliance business by Swedish-based Electrolux AB represents the end of an era for the storied, all-American brand. It also leaves workers on both sides wondering what will happen to their jobs.

http://www.usatoday.com/story/money...sale-of-ge-appliances-mean-for-jobs/15272205/
 

·
Registered
Joined
·
8,229 Posts
GE has been moving everything they could to China and India for years. They've got billions stashed overseas, rightfully so, to avoid US taxes. It would have hurt their bottom line to close the few US factories due to their already heavy asset investment, plus the notoriety would have killed their brand forever in the US.
 

·
Registered
Joined
·
13,853 Posts
Electrolux has several other U.S. facilities, so maybe not much.

Electrolux just opened its own brand-new oven factory in Memphis, Tennessee and operates other facilities in Anderson, South Carolina and St. Cloud, Minnesota.
 

·
Registered
Joined
·
8,442 Posts
I'm surprised that GE got billions in tax refunds since 2008, never paid one cent in taxes, even though they showed a profit of billions! They also gave a pay increase of 27% to a few top executives. Jeffrey Immelt and Obama are best buddies, which explains why the government has no interest in them! Why are the liberals not screeching at the top of their collective lungs about how unfair this all is? I mean they bash Walmart everyday, why not GE? Is it because of this Obama connection?
 

·
Miniature Horse lover
Joined
·
25,219 Posts
I'm surprised that GE got billions in tax refunds since 2008, never paid one cent in taxes, even though they showed a profit of billions!
That is 100% Untrue~!
Sure was hyped up till the TRUTH got out which was hardly reported on at all, so many STILL think they paid nothing.
When those so called reports came out they had not yet FILED their 2010 taxes. LOL

Did GE get a $3.2 billion tax refund? No.

Did GE pay U.S. income taxes in 2010? Yes, it paid estimated taxes for 2010, and also made payments for previous years. Think of it as your having paid withholding taxes on your salary in 2010, and sending the IRS a check on April 15, 2010, covering your balance owed for 2009.
http://www.propublica.org/article/setting-the-record-straight-on-ges-taxes
 

·
Registered
Joined
·
13,853 Posts
I'm surprised that GE got billions in tax refunds since 2008, never paid one cent in taxes, even though they showed a profit of billions! They also gave a pay increase of 27% to a few top executives. Jeffrey Immelt and Obama are best buddies, which explains why the government has no interest in them! Why are the liberals not screeching at the top of their collective lungs about how unfair this all is? I mean they bash Walmart everyday, why not GE? Is it because of this Obama connection?
Other than any possible anti-trust issues, why should the Government care less, about GE selling out to Elextrolux?

IS GE's tax structure that much different than any other large Corporation, some who have merged with foreign companies? Just curious.

What unfair about it, that Liberals should complain?

Conservatives don't bash Walmart? LOL
 

·
Registered
Joined
·
8,442 Posts
  • Like
Reactions: Sawmill Jim

·
Registered
Joined
·
8,442 Posts
Other than any possible anti-trust issues, why should the Government care less, about GE selling out to Elextrolux?

IS GE's tax structure that much different than any other large Corporation, some who have merged with foreign companies? Just curious.

What unfair about it, that Liberals should complain?

Conservatives don't bash Walmart? LOL
Immelt and Obama are buddies! Other companies constantly come under fire from this administration, especially if their owned by conservatives. Not so with ge.
 
1 - 10 of 10 Posts
Top