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LABOR GROUPS SAY GE PAYS NO WISCONSIN CORPORATE INCOME TAX
WPR News - Labor groups say GE pays no Wisconsin corporate income tax
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Wednesday January 25, 2012
by Chuck Quirmbach
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(Photo by
Chuck Quirmbach)
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(UNDATED) Labor-supported groups are turning their spotlight towards General Electric, accusing GE of not paying its fair share of taxes in Wisconsin.
Dozens of people gathered outside the Wauwatosa offices of GE Healthcare to criticize the international corporation for allegedly not paying any Wisconsin corporate income taxes from 2003-2008.
The protest organized by the group Wisconsin Jobs Now came as a labor backed think tank, Institute for Wisconsin's Future released a report making the tax allegation against GE. The institute says figures for 2009 and 2010 aren't available. Protestor Wayne Olson is a union retiree from Wausau. He says GE made large profits during the five years of no corporate income taxes, and ought to have paid something.
A GE Healthcare spokesperson declined a request for an interview. In a written statement, GE says it pays what it owes under the law, including payroll taxes on employees' wages, property taxes, sales and use taxes. 6,500 people in Wisconsin work for GE Healthcare. The firm says in 2010, it paid $1 billion in federal, state and local taxes, and says its tax rate for last year will be much higher as the GE Capital business recovers.
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