GE dismisses talk that it may owe billions of dollars in taxes

FILE PHOTO: The General Electric logo is pictured on the General Electric offshore wind turbine plant in Montoir-de-Bretagne, near Saint-Nazaire, western France, November 21, 2016. REUTERS/Stephane Mahe/File Photo

General Electric Co on Monday downplayed concerns that its U.S. tax liabilities could increase by billions of dollars and that a decision by British tax authorities could saddle the company with an additional $1 billion tax bill. “Based on current law and guidance, we believe our current accrual is a reasonable estimate for the enactment […]

Continue reading this article with a Fiji Times online membership.

More Stories