While
GE Pays Its
Interns UNlike
Ban's UN, ICP
Asks It Of Tax
Avoidance
By
Matthew
Russell Lee
UNITED
NATIONS, July
15 -- When the
International
Labor
Organization
held a press
conference in
the UN on July
15 with
General
Electric, it
was noteworthy
that GE's
internships
will be paid,
unlike at the
UN.
But
what about
GE's reported
tax avoidance,
in light of
the
Sustainable
Development
Goals? Video
here.
Both ILO and
GE's Beth
Comstock, Vice
Chair for
Innovations,
answered the
easier
internship
questions; on
tax avoidance,
Inner City
Press was told
it would get
an answer
later to this:
"'General
Electric,
which Oxfam
said has
received $28bn
in taxpayer
backing, was
second with
$119bn stored
in 118 tax
haven
subsidiaries.'
What's GE's
response? Does
it context the
dollar volume,
the number of
subsidiaries,
the amount of
subsidy?”
After
several
inquiries
this, from a
GE
spokesperson:
“GE is one of
the largest
taxpayers in
the world,
paying
billions in
taxes every
year,
including tax
payments in
the U.S. GE
has reinvested
in its
operations-
like factories
and R&D
centers- in
180 countries,
which helps us
win business.”
, 
