GE 2015 Annual Report Download - page 103

MD&A OTHER CONSOLIDATED INFORMATION
GE 2015 FORM 10-K 75
Resolution of audit matters reduced the GE provision for income taxes by $0.3 billion, $0.1 billion and $0.4 billion in 2015, 2014 and
2013, respectively. The effects of such resolutions are included in the following captions in Note 14 to the consolidated financial
statements.
AUDIT RESOLUTIONS - EFFECT ON GE TAX RATE, EXCLUDING GE CAPITAL EARNINGS
2015 2014 2013
Tax on global activities including exports (1.5) % (0.2)% (2.4) %
U.S. business credits (0.5) - (0.6)
A
ll other - net (0.3) (0.7) (1.0)
Total (2.3) % (0.9)% (4.0) %
GE CAPITAL EFFECTIVE TAX RATE
(Dollars in billions)
GE CAPITAL ETR
GE CAPITAL PROVISION (BENEFIT) FOR
INCOME TAXES
2015 ± 2014 COMMENTARY
x The increase in the income tax expense from a benefit of $0.9 billion for 2014 to an expense of $5.0 billion for 2015 is primarily due
to the tax expense, discussed in Note 14 to the consolidated financial statements, related to the GE Capital Exit Plan.
2014 ± 2013 COMMENTARY
x The increase in tax benefit of $0.5 billion from 2013 to 2014 was primarily due to increased benefits from lower tax global
operations ($0.2 billion), non-repeat of an expense for IRS audit resolutions ($0.2 billion) and increased state and local tax benefits
($0.1 billion).
GE 2015 FORM 10-K 75