WHAT IS A CORPORATION?

[Slick Fork]

Just a further note, those articles seem a little misleading to me. They refer to it as "holding profits overseas", which implies that GE earned the revenue in the US and then transferred the money to an offshore bank account.

What they are likely referring to in actuality is that GE's subsidiaries earned the money overseas from operations in other countries and rather than flowing the money up to the US parent corporation the subsidiary reinvests profits earned in Brazil, for example, back into their Brazilian operations.