article_snippet.sent: Another method of tax avoidance is active financing.
article_snippet.sent: Put simply, this means a company classifies a taxable activity as foreign financing, putting a company out of reach of the IRS.
article_snippet.sent: General Electric uses the active financing tax break as one of many ways that General Electric eliminates General Electric U.S. income tax bill.
article_snippet.sent: the active financing tax break allows some multinational financial institutions to avoid paying income taxes to any government on some multinational financial institutions international financing activities.