Posted on 12/21/2011 6:13:13 AM PST by no dems
General Electric Co.’s health care unit, the world’s biggest maker of medical imaging machines, is moving the headquarters of its 115-year-old X-ray business to Beijing.
The headquarters will move from Wisconsin amid a broader plan to invest about $2 billion across China, including opening six “customer innovation’’ and development centers.
The division should have “double-digit’’ growth rates as the country converts from film and analog to digital X-ray technology, LeGrand said
(Excerpt) Read more at articles.boston.com ...
This is old news as the date on your article shows.
GE doesn’t like to pay its’ “fair share.”
Yet GE has the guts to run an ad now showing patients that have benefited from these machines visiting this plant in WI to thank the workers.
FWIW, that not guts. It’s unmitigated gall.
If it were any other president, the media would be frying them non-stop for this.
The ads are probably paid for with our tax dollars somehow too.
Put a high duty rate on imported medical imaging equipment and see what GE says.
Like with Smoot-Hawley?
I’m thinking that, in Iowa especially, Rick Santorum will be “last man standing”. Right now, I’m still leaning toward Newt, but I’m reassessing and I could live with Santorum very easily.
The company is a giant and does as it pleases. Hence, it is too big to fail.
I hate that they are turning their back on US workers. They will lose a lot of innovation our workers provide.
Obama’s “Jobs Czar” Jeffrey Immelt creating jobs as he’s supposed to... IN CHINA!!!
Whatcha goin’ ta do when China erupts in Civil War? What goin’ ta happen to your new factories when your slave labor revolts? Whatcha going to do when Red China cash cow goes sour? Its going to happen—Read your Chinese history. OR What you going to do if a Trump or a Newt or a new Reagan puts up tariffs on cheap Chinese goods? Or bans then all together? Whats going to happen if there is war and the Reds just seize your factories? They will not pay capitalist slobs for their investments. Not smart.
Ref. your post #17: I pray that everything you “predicted” comes to pass.
Do you?
Slobs. You got that right.
GE used to be a great American company. Under Immelt it’s degenerated into nothing but a capitalist whore.
But....
GE Filed 57,000-Page Tax Return, Paid No Taxes on $14 Billion in Profits
The problems with the corporate taxes occur because "Republicans and Democrats, both parties, sit in Congress and they're picking winners and losers," [Paul] Ryan said. The solution, according to the Wisconsin congressman: "Get rid of those loopholes and lower tax rates by a corresponding amount. Don't lose revenue, but for every loophole you pull out, and deny a company from being able to get this little carveout, you can lower the rates so we can be more competitive with our competitors overseas. We want to stem the bleeding of jobs going overseas, of foreign companies buying U.S. companies and taking headquarters overseas."
Point well taken. There are so many broken systems in America right now, from education to welfare to government intrusion to taxes, that I’m inclined to think a corporation that can game the IRS might as well get away with it. We sure don’t mind a far larger number of individuals than GE hires being wards of the United States.
Think of it. We have a dependent population comparable to the country of Spain embedded within our population and entirely dependent on the United States government for all their material sustenance. If you understand the scope of the problem, even if GE paid 100% of its gross revenue into the coffers, it would be dwarfed by the first bailout of foreign banks done by the Fed through TARP. 151 billion vs 7.7 trillion.
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