The fact that GE paid no taxes in 2010 was widely reported earlier this year, but the size of its tax return was not reported. Are you really for the "size of its tax return?" It will literally blow you away. For 2010, GE's tax return would have been 57,000 pages had it been filed on paper, which would equate to 19 feet high if printed out and stacked. No, that is not a misprint. 57,000 pages are correct.
On its $14 billion in profits, $9 billion dollars came from overseas, outside the jurisdiction of U.S. tax law. Also, GE wasn't taxed on $5 billion in U.S. profits; because it utilized numerous deductions and tax credits, including tax breaks for investments in low-income housing, green energy, and research & development, as well as depreciation of property.
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