April 13, 2011 General Electric and its tax bill have been a topic of controversy since a New York Times report said the company earned $14.2 billion last year, but paid no federal taxes. Parts of that story have since been called into question.
March 25, 2011 The company employed "an aggressive strategy that mixes fierce lobbying for tax breaks and innovative accounting," The New York Times reports. General Electric says it complies with tax rules, but also seeks to "legally minimize our costs."
January 18, 2011 The deal still needs approval from the Justice Department.