General Motors may receive a tax break worth as much as $45.4 billion under the terms of its government-financed restructuring.
The credit is a final benefit from the company’s multi billion-dollar government bailout. Under the terms of the bailout, GM will be able to apply a tax credit related to previous losses and business expenses to future earnings.
This is unusual, because GM has changed…
Continue reading GM Could Get $45 Billion Tax Break Thanks to Bailout
GM Could Get $45 Billion Tax Break Thanks to Bailout originally appeared on DailyFinance on Wed, 03 Nov 2010 06:38:00.
Filed Under: Company News, General Motors, Taxes, Retail, Stocks in the News