General Electric pays no US taxes
Key Excerpts from Article on Website of Forbes magazine
How can it be that you pay more to the IRS than General Electric?
Forbes magazine, April 1, 2010
Posted: 2010-04-19 00:23:58
Some of the world's biggest, most profitable corporations enjoy a far lower tax rate than you do – that is, if they pay taxes at all. The most egregious example is General Electric. Last year the conglomerate generated $10.3 billion in pretax income, but ended up owing nothing to Uncle Sam. In fact, it recorded a tax benefit of $1.1 billion. How did this happen? It's complicated. GE in effect consists of two divisions: General Electric Capital and everything else. The everything else – maker of engines, power plants, TV shows and the like – would have paid a 22% tax rate if it was a standalone company. It's GE Capital that keeps the overall tax bill so low. Over the last two years, GE Capital has displayed an uncanny ability to lose lots of money in the U.S. (posting a $6.5 billion loss in 2009), and make lots of money overseas (a $4.3 billion gain). Not only do the U.S. losses balance out the overseas gains, but GE can defer taxes on that overseas income indefinitely. It's the tax benefit of overseas operations that is the biggest reason why multinationals end up with lower tax rates than the rest of us.
Note: Forbes later changed the title of this article to a more innocuous "What The Top U.S. Companies Pay In Taxes." Can you believe that GE not only pays no taxes, they actually get credit from the US government? They ship US jobs overseas and then reap huge tax benefits as a result. What's wrong with this picture? For a wealth of media news articles on the hidden manipulations of major financial corporations, click here.
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U.S. Military Wanted to Provoke War With Cuba
2001-05-01, ABC News
In the early 1960s, America's top military leaders reportedly drafted plans to kill innocent people and commit acts of terrorism in U.S. cities to create public support for a war against Cuba. Code named Operation Northwoods, the plans reportedly included the possible assassination of Cuban emigres, sinking boats of Cuban refugees on the high seas, hijacking planes, blowing up a U.S. ship, and even orchestrating violent terrorism in U.S. cities. The plans were developed as ways to trick the American public and the international community into supporting a war to oust Cuba's ... Fidel Castro. America's top military brass even contemplated causing U.S. military casualties, writing: "We could blow up a U.S. ship in Guantanamo Bay and blame Cuba," and, "casualty lists in U.S. newspapers would cause a helpful wave of national indignation." The plans had the written approval of all of the Joint Chiefs of Staff and were presented to President Kennedy's defense secretary, Robert McNamara, in March 1962. But they apparently were rejected by the civilian leadership and have gone undisclosed for nearly 40 years. The Joint Chiefs even proposed using the potential death of astronaut John Glenn during the first attempt to put an American into orbit as a false pretext for war with Cuba. Should the rocket explode and kill Glenn, they wrote, "the objective is to provide irrevocable proof ... that the fault lies with the Communists." The scary thing is none of this stuff comes out until 40 years after.
Note: Why was ABC the only major news source to report on this highly revealing story? Read the shocking declassified documents on Operation Northwoods. Many military and political leaders look at the world as a grand chessboard. Sacrificing pawns (innocent civilians) is sometimes necessary to capture the queen. Explore revealing news articles on military corruption. Then check out eye-opening 9/11 news articles.
Inside the secretive Bilderberg Group
2005-09-29, BBC News
How much influence do private networks of the rich and powerful have on government policies and international relations? One group, the Bilderberg, has often attracted speculation that it forms a shadowy global government. Every year since 1954 [they have brought] together about 120 leading business people and politicians. At this year's meeting in Germany, the audience included the heads of the World Bank and European Central Bank, Chairmen or Chief Executives from Nokia, BP, Unilever, DaimlerChrysler and Pepsi ... editors from five major newspapers, members of parliament, ministers, European commissioners ... and the queen of the Netherlands. The chairman ... is 73-year-old Viscount Etienne Davignon. In an extremely rare interview, he played down the importance of Bilderberg. "I don't think (we are) a global ruling class because I don't think a global ruling class exists." Will Hutton ... who attended a Bilderberg meeting in 1997, says people take part in these networks in order to influence the way the world works, to create what he calls "the international common sense". And that "common sense" is one which supports the interests of Bilderberg's main participants. For Bilderberg's critics the fact that there is almost no publicity about the annual meetings is proof that they are up to no good. Bilderberg meetings often feature future political leaders shortly before they become household names. Bill Clinton went in 1991 while still governor of Arkansas, Tony Blair was there two years later while still an opposition MP. All the recent presidents of the European Commission attended Bilderberg meetings before they were appointed. Informal and private networks like Bilderberg have helped to oil the wheels of global politics and globalisation for the past half a century.
Note: Why is this meeting of top world leaders kept so secret? Why, until a few years ago, was there virtually no reporting on this influential group in the major media? Thankfully, the alternative media has had some good articles. And a Google search can be highly informative. Explore many other revealing major media news articles on powerful secret societies. And for those interested, check out reliable, eye-opening information covering the big picture of how and why these secret societies are using government-sponsored mind control programs to achieve their agenda.
[9/11] Hijack 'suspects' alive and well
2001-09-23, BBC News
Another of the men named by the FBI as a hijacker in the [9/11] suicide attacks on Washington and New York has turned up alive and well. The identities of four of the 19 suspects accused of having carried out the attacks are now in doubt. Saudi Arabian pilot Waleed Al Shehri was one of five men that the FBI said had deliberately crashed American Airlines flight 11 into the World Trade Centre on 11 September. His photograph was released, and has since appeared in newspapers and on television around the world. He told journalists there that he had nothing to do with the attacks. He has contacted both the Saudi and American authorities. He acknowledges that he attended flight training school at Daytona Beach in the United States, and is indeed the same Waleed Al Shehri to whom the FBI has been referring. But, he says, he left the United States in September last year [and] became a pilot with Saudi Arabian airlines. Abdulaziz Al Omari, another of the Flight 11 hijack suspects ... says he is an engineer with Saudi Telecoms, and that he lost his passport while studying in Denver. Meanwhile ... a London-based Arabic daily says it has interviewed Saeed Alghamdi. He was listed by the FBI as a hijacker in the United flight that crashed in Pennsylvania. And there are suggestions that another suspect, Khalid Al Midhar, may also be alive. FBI Director Robert Mueller acknowledged on Thursday that the identity of several of the suicide hijackers is in doubt.
Note: The deceptions in the 9/11 official story are clearly shown in this key story. The FBI never revised its list of alleged hijackers. These four are all listed in the official 9/11 Commission report as the hijackers. Click here and scroll down a little over half way to see their photos in the official report. For more, see this webpage. Explore also concise summaries of deeply revealing news articles with evidence of a 9/11 cover-up from reliable major media sources. Then examine an abundance of reliable information suggesting a major 9/11 cover-up.
The above three are excerpts from the 20 most revealing news articles ever published.
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Newly released video shows 9/11 hijackers with alleged Saudi intelligence operative
2022-04-27, CBS News
While President Biden signed an executive order last fall to declassify 9/11 evidence, the families of some 9/11 victims say they had to go through the British courts to get records and videos seized two decades ago from an alleged Saudi government operative that have never been public until now. Buried inside the trove is a home video from 2000. The event was described in 9/11 Commission records as a party at the San Diego apartment of Nawaf al-Hazmi and Khalid al-Mihdhar, the first two hijackers to arrive in the U.S. in January 2000. A handful of frames captured Mihdhar in the kitchen. Along with Hazmi, their team would later commandeer Flight 77 that slammed into the Pentagon. The party's host, Saudi national Omar al-Bayoumi, was arrested by British police less than two weeks after the attack. British police seized the videos and documents from Bayoumi. A newly declassified and heavily redacted FBI memo from 2017 stated, "In the late 1990s and up to September 11, 2001, Omar al-Bayoumi was paid a monthly stipend as a cooptee of the Saudi General Intelligence Presidency (GIP) via then Ambassador Prince Bandar bin Sultan." The memo continued, "Allegations of al-Bayoumi's involvement with Saudi Intelligence were not confirmed at the time of the 9/11 Commission Report. The above information confirms these allegations." Another recently declassified FBI memo ... said, "There is a 50/50 chance Omar al-Bayoumi had advanced knowledge the 9/11 terrorist attacks were to occur."
Note: For more along these lines, see concise summaries of deeply revealing news articles on 9/11 from reliable major media sources. Then explore the excellent, reliable resources provided in our 9/11 Information Center.
Abuse-clouded prison gets attention, but will things change?
2022-05-05, Washington Post
An Associated Press investigation had revealed a culture of abuse and cover-ups that had persisted for years at the Federal Correctional Institution in Dublin, California, a women-only facility called the "rape club" by many who know it. Because of AP reporting, the head of the federal Bureau of Prisons had submitted his resignation in January. Yet no one had been named to replace him, so he was still on the job. "It's absolutely horrible. I've never experienced anything like this. In my career, I've never been part of a situation like this." Those words, spoken about the troubled Dublin facility, come not from an activist or inmate advocate, not from any elected official, not from anywhere outside the prison walls. They come from Thahesha Jusino, its newly installed warden. Her predecessor, Ray J. Garcia, is one of five Dublin employees who have been charged since last June with sexually abusing inmates. Garcia is accused of molesting an inmate on multiple occasions from December 2019 to March 2020 and forcing her and another inmate to strip naked so he could take pictures while he made rounds. Investigators said they found the images on his government-issued cellphone. Garcia is also accused of using his authority to intimidate one of his victims, telling her that he was "close friends" with the person investigating staff misconduct and boasting that he could not be fired. In February, more than 100 inmate advocacy organizations sent a letter to the Justice Department calling for "swift, sweeping action" to address abuse at Dublin.
Note: For more along these lines, see concise summaries of deeply revealing news articles on prison system corruption from reliable major media sources.
What is DHS' Disinformation Governance Board and why is everyone so mad about it?
2022-05-06, CBS News
The Department of Homeland Security's announcement of a "Disinformation Governance Board" to standardize the treatment of disinformation by the agencies it oversees has been met with an overwhelmingly negative response since it was first unveiled in April. "It's an awful idea, and you ought to disband it," Sen. Mitt Romney, Republican of Utah, told Homeland Security Secretary Alejandro Mayorkas at a Senate hearing. The new board is intended to standardize the department's efforts to respond to disinformation that could be connected with violent threats to the U.S. So, if an agency under DHS – like Federal Emergency Management Agency (FEMA), U.S. Customs and Border Protection (CBP) or Cybersecurity and Information Security Agency (CISA) – identifies disinformation under its purview, it's the new disinformation board that would come up with the best practices for any DHS agency handling the disinformation. "There has been a lot of misinformation about your department's work to combat misinformation," said Senator Chris Murphy, chairman of the Senate Appropriations Committee's Homeland Security panel, told Mayorkas. "This is not the truth police," Mayorkas declared to the Senate panel ... responding to accusations of censorship. DHS selected author and disinformation expert Nina Jankowicz to lead the board. The former Fulbright-Clinton Public Policy Fellow previously oversaw programs for Russia and Belarus for the National Democratic Institute.
Note: 20 US Attorney Generals demanded DHS immediately disband this Disinformation Governance Board and "cease all efforts to police Americans' protected speech." For more along these lines, see concise summaries of deeply revealing news articles on government corruption from reliable major media sources.
The above three are excerpts from the news stories most recently posted to this website.
Explore our index to revealing excerpts of news articles on several dozen topics.
Don't miss amazing excerpts from the 20 most revealing news articles ever published.