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GE (General Electric) tax rate on industrial business profits back up to 20% without the tax breaks from GE Capital
04/14/2015
Without the tax breaks from GE Capital- which come from using lower tax jurisdiction countries and overseas business- GE's tax rate will now be the rate for other industrial business companies in the U.S. On the day the decision was announced for exiting the banking business GE shares were up 11%, showing that shareholders value the stability of the industrial businesses and the quality of management above the uncertainty generated by volatile earnings from GE Capital. GE shares once considered safe- before the use of GE Capital to generate higher returns- declined to $6 during the financial crisis of 2008, requiring government rescue of GE Capital.
Grouped Articles
Price of Selling GE Capital? Tax Breaks
Wall Street Journal 04.14.2015
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