WSJ NEWS ALERT: GM Could Be Free of Taxes for Years

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General Motors won’t have to pay federal taxes on up to $50 billion in profit under an unusual provision of its government-funded bailout, giving the car maker an added boost as it prepares to return to the stock market this month.

GM may use the $50 billion in so-called tax-loss carry-forwards to shield that amount of profit from U.S. taxes for up to 20 years.

http://online.wsj.com/article/SB10001424052748704462704575590642149103202.html?mod=djemalertNEWS

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