BTW, I googled this point about GE not paying taxes on $200m whether it was fake fact reporting from you again and an article quoted GE's response: "The company claims that its zero-dollar tax bill is largely a result of losses at its financial arm, GE Capital, due to the Wall Street meltdown."
http://abcnews.go.com/Politics/gener...ry?id=13224558
In other words, they didn't pay tax on that $200m because they lost it on bad loans. Obviously, if you don't make a profit, you don't pay taxes. It's not a loophole, and it's something you can do in any tax jurisdiction.
The rest of the money they made was made outside of the US. So, if a subsidiary of GE makes a washing machine in China and sells it in China for a profit, why would they pay US corporate taxes on that income? They would pay corporate taxes in China on their profit made in China. It makes no sense otherwise.