FX Excursions

FX Excursions offers the chance for once-in-a-lifetime experiences in destinations around the world.

What?!?!

by Kate Gallagher

Mar 28, 2011

Jeffrey R. Immelt, CEO of General Electric, reported worldwide profits of $14.2 billion last year with $5.1 billion coming from U.S. operations, but had no American tax bill, and claimed a tax benefit of $3.2 billion,” The New York Times said. What, who, when? Are you kidding?!?!?! This is a good thing? Another blow from the company that polluted the Hudson River and makes appliances that parallel in quality of the Yugo. Am I the only person who thinks this is out of control? How can we allow a company like this to make a fool out of our system? Global Traveler makes far, far less a year and will pay far more in taxes. What do you think of that? And, remember — this is the same company that made the nuclear reactors in Japan. And Immelt is also on the President’s Council on Jobs and Competitiveness. Well, you can be very competitive without paying taxes. Is that his plan for everyone? Talk about letting the fox in the henhouse! — Fran Gallagher, publisher and CEO

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FX Excursions

FX Excursions offers the chance for once-in-a-lifetime experiences in destinations around the world.

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