Income Tax Expense (Benefit)
You have visited 10 password protected pages for free. Others contain data covered by 
.
Sign Up Now to get full access to whole website and cut out all advertisements.
General Electric Co., income tax expense (benefit), continuing operations
USD $ in millions
| 12 months ended | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
|---|---|---|---|---|---|---|
 |
Current tax expense | |
|
|
|
|
|
Deferred tax expense (benefit) from temporary differences | |
|
|
|
|
|
Provision for income taxes | |
|
|
|
|
Source: Based on data from General Electric Co. Annual Reports
| Item | Description | The company |
|---|---|---|
| Current tax expense | The component of income tax expense for the period representing amounts of income taxes paid or payable (or refundable) for the period for all income tax obligations as determined by applying the provisions of relevant enacted tax laws to relevant amounts of taxable income (loss) from continuing operations. | General Electric Co.'s current tax expense declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level. |
| Deferred tax expense (benefit) from temporary differences | The component of income tax expense for the period representing the net change in the entity's deferred tax assets and liabilities pertaining to continuing operations. | General Electric Co.'s deferred tax expense (benefit) from temporary differences increased from 2009 to 2010 and from 2010 to 2011. |
| Provision for income taxes | The sum of the current income tax expense (benefit) and the deferred income tax expense (benefit) pertaining to pretax income (loss) from continuing operations; income tax expense (benefit) may include interest and penalties on tax uncertainties based on the entity's accounting policy. | General Electric Co.'s provision for income taxes declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level. |