GE and Jeff (Taxavoidination) -- Dick Destiny





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Published on Mar 31, 2011

One year after the original tax avoidance, General Electric and Jeff Immelt still paying nothing in income tax to Uncle Sam. And the new fad in corporate patriotism is the tax inversion, the merging of the US business with one offshore in a country with an economy expressly designed for legal tax cheating, like Ireland.

"People get to think what they think" -- Jeffrey Immelt, on GE's paying zero corporate income tax. Or "Let them eat cake."

OK, this is what I think. This should have been the television commercial everyone had shoveled at them in primetime for weeks, the "GE and Jeff" song. From ecomagination to Taxavoidination. Expert tax avoidance advice from the top of corporate America. Join the line dance competition, yeah. See the dancing elephant. Win a prize, austerity and loss for you, more breaks for corporate America. Work work, all week long, punchin' that clock from dusk til dawn, it's time for more good time, sang Mr. Alan Jackson.

Dance to the tax cheat and evasion boogie. Officially brought to you by the President's Council on Jobs and Competitiveness.

Jeff Immelt, from 60 Minutes on Sunday, the 9th:

"I want you to root for me. Everybody in Germany roots for Siemens ... I want you to say, 'Win GE!'

"I think this notion that it's the population of the US against the big companies is just wrong, it's just wrong-minded ... Our employees root for us, they want us to win. I don't know why you don't."


GE over the land, they made a real good plan
Pay no taxes to the man
No cash money for Uncle Sam

GE's real good plan, No cash money for Uncle Sam

Fire all that labor now, they're all just real fat cows
Gonna implement a mighty plan
No cash money for Uncle Sam

GE's real good plan -- No cash money for Uncle Sam

No tax to the max!

Looks good, looks real good, GE's real big plan -- no cash money for Uncle Sam

Jeff thought it was mighty funny
Takin' away all that money
Everyone else had to pay
But we bribe Jeff just to stay

It'll be a good time!


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