Huge praise for in-house tax lawyers and accountants at General Electric

A piece in the NY Times, Feb. 2, 2011 at B11, discusses the widely varying tax rates paid by major US corporations. Here comes the laudatory sentence: “G.E. is so good at avoiding taxes that some people consider its tax department to be the best in the world, even better than any law firm’s.”

Impressive acknowledgement. The group is not part of the law department, but still, this is fulsome and public praise for in-house legal talent (See my post of March 27, 2009: tax lawyers and reporting with 7 references.). Value delivered becomes very clear for tax lawyers.