9 years ago
Where's the Presidential Debate on GM's Crony Capitalism?
In the 1950s, General Motors President Charles Wilson famously said: “What was good for our country was good for General Motors, and vice versa.” You might do a double take on that comment after you venture a look at GM’s current remarkably low tax bill. A dive into GM’s filings with the Securities & Exchange Commission reveals that while the carmaker makes nearly all of its profits in the U.S., it pays virtually no U.S. federal, state or local taxes.
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