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May 10, 2011

Appliance Giant Avoids Paying Taxes for Three Years 
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In business news, the Bloomberg news agency has revealed that the
world's largest appliance manufacturer, Whirlpool, has managed to avoid
paying federal income taxes over the past three years. The company
reported $18 billion in worldwide sales last year, but it received a tax
benefit of $64 million from the federal government. Whirlpool's
headquarters are in the cash-strapped city of Benton Harbor, Michigan,
where the city’s elected mayor and city commissioners were recently
stripped of all power by an unelected emergency financial manager
appointed by Michigan Gov. Rick Snyder.



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