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Why the U.S. Tax Code Puts American Companies at a Massive Disadvantage

Fin - Daily Ticker - US

GE is playing defense after a NYT article said the company paid zero in US taxes.

On Twitter, GE PR is fighting with Henry Blodget over the same technicalities.

The company has put up a GE Tax fact sheet, which links to this presentation (.pdf) from the Business Roundtable laying out the need for reform of the US tax system.

The gist: Only the U.S. forces companies to pay taxes on overseas earnings, and since non-U.S. earnings are a growing share for everyone, this is putting U.S. companies at a big disadvantage.

Here are three key charts from the presentation: