[mountn man]

Maybe I'm missing something here. But IF GE actually had $14 Billion in profit, wouldn't that be passed on to the owners of GE, the shareholders. If dividends are paid, then the owners/shareholders would then pay capital gains tax.

Unless of course the owners shelter that gain somehow, like Warren OCBuffet has all these years.

Sounds pretty much like business as usual for any company, no matter what side the political spectrum they might lean.

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[A CA Guy]

At times companies can deduct losses, costs, depreciation and also get breaks for investing in green this or that.
Plus if they reinvest back in themselves that is deductible.

Also, maybe they can deduct past losses over time and that also could have allowed no taxes this year.