Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature currently requires accessing the site using the built-in Safari browser.
And idiots like you don't see the obamaturd witch hunt right before the election? Obamaturd must be desperate. IDIOT!
Fast & Furious...
But Bain Capital killed people!
No it didn't....
investigate them for tax evasion!
Obama's M.O.
I can't prove it, so I'll destroy them with an investigation. Even if it is found to be innocent, the smear of "They were investigated for tax evasion" is the new talking point for the left.
Six months before Romney is re-elected, they will trot this out as proof of his corrupt ties.
Fast and Furious started under Bush.
Just another libtard lie, libtard liar.Yep, it's a Democrat Party hack from New York state.
What "fraud" has Romney been involved in?
We already know Obama was involved in fraud with his pal Rony Rezko.
The "Son of Boss" scheme at Marriott.
Fast and Furious started under Bush.
That myth was exploded long ago.
Did Romney enable a company's abusive tax shelter? - CNN.comJust another libtard lie, libtard liar.Yep, it's a Democrat Party hack from New York state.
What "fraud" has Romney been involved in?
We already know Obama was involved in fraud with his pal Rony Rezko.
The "Son of Boss" scheme at Marriott.
In his key role as chairman of the Marriott board's audit committee, Romney approved the firm's reporting of fictional tax losses exceeding $70 million generated by its Son of Boss transaction. His endorsement of this stratagem provides insight into Romney's professional ethics and attitude toward tax compliance obligations.
Like other prepackaged corporate tax shelters of that era, Marriott's Son of Boss transaction was an entirely artificial transaction, bearing no relationship to its business. Its sole purpose was to create a gigantic tax loss out of thin air without any economic risk, cost or loss -- other than the fee Marriott paid the promoter.
New York Attorney General Eric Schneiderman issued a round of subpoenas to five private equity firms back in July. He's investigating a rather common practice in the industry known as the "management fee waiver," whereby fees (which would normally be counted as income, taxable up to 35 percent) are converted instead into investments (later taxable at the lower 15 percent capital gains rate). While it's not exactly illegal, there has been a growing movement away from the practice, with leading firms such as the Carlyle and Blackstone groups disavowing any use of it.
But several other big firms (including KKR, and Apollo Global Management) still seem pretty keen on it and none more so than Bain Capital, the private equity outfit founded by Romney in 1984. In fact, it was a cache of internal Bain Capital documents illustrating how Bain funds converted $1 billion in fees into investments, saving about $220 million in tax liabilities that first prompted Schneiderman to look into the process, the Times discovered. The documents also showed that Romney continues to receive profits from several funds implicated in this little tax switcheroo, which is why a lawyer for the recently crowned Republican presidential nominee released the following statement:
Investing fee income is a common, accepted and totally legal practice. However, Governor Romney's retirement agreement did not give the blind trust or him the right to do this, and I can confirm that neither he nor the trust has ever done this, whether before or after he retired from Bain Capital.
Private Equity Firms Subpoenaed Over Tax Process -- Daily Intel
Did Romney enable a company's abusive tax shelter?
Spitzer has the balls. But they set him up and got him out of the way.Eric Schneiderman is the only one with the balls to go after Wall Street.
Neither the Republicans nor the Democrats would do it.
No worries - you're already disturbed.ALBANY, N.Y. New Yorks attorney general is investigating tax strategies of some of the nations largest private equity firms, including Bain Capital, founded by Republican presidential nominee Mitt Romney, an official familiar with the probe said Sunday.
Attorney General Eric Schneiderman is examining whether the firms have abused a tax strategy to avoid paying hundreds of millions of dollars in taxes, said the official, who spoke on the condition of anonymity because of the sensitivity of the probe. The practice involves converting some fees collected for managing accounts into fund investments, resulting in a lower tax rate.
Source: NY attorney general investigating private equity firms, including Romney-founded Bain - The Washington Post
this always disturbs me.
Spitzer has the balls. But they set him up and got him out of the way.Eric Schneiderman is the only one with the balls to go after Wall Street.
Neither the Republicans nor the Democrats would do it.
Gee, I'm sure this isn't political.
lol
ALBANY, N.Y. New Yorks attorney general is investigating tax strategies of some of the nations largest private equity firms, including Bain Capital, founded by Republican presidential nominee Mitt Romney, an official familiar with the probe said Sunday.
Attorney General Eric Schneiderman is examining whether the firms have abused a tax strategy to avoid paying hundreds of millions of dollars in taxes, said the official, who spoke on the condition of anonymity because of the sensitivity of the probe. The practice involves converting some fees collected for managing accounts into fund investments, resulting in a lower tax rate.
Source: NY attorney general investigating private equity firms, including Romney-founded Bain - The Washington Post
Gee, I'm sure this isn't political.
lol
So, allegations of criminal activity should be ignored if either a principle or a periphery is involved in a political race?
So, allegations of criminal activity should be ignored if either a principle or a periphery is involved in a political race?
ALBANY, N.Y. — New York’s attorney general is investigating tax strategies of some of the nation’s largest private equity firms, including Bain Capital, founded by Republican presidential nominee Mitt Romney, an official familiar with the probe said Sunday.
Attorney General Eric Schneiderman is examining whether the firms have abused a tax strategy to avoid paying hundreds of millions of dollars in taxes, said the official, who spoke on the condition of anonymity because of the sensitivity of the probe. The practice involves converting some fees collected for managing accounts into fund investments, resulting in a lower tax rate.
Source: NY attorney general investigating private equity firms, including Romney-founded Bain - The Washington Post
If its application isn't quite as legal as it was proposed to beDid Romney enable a company's abusive tax shelter?
How is it "abusive" if it's entirely legal?
I love the way liberals use language. Apparently none of the words they use mean what it says in the dictionary.
Like other prepackaged corporate tax shelters of that era, Marriott's Son of Boss transaction was an entirely artificial transaction, bearing no relationship to its business. Its sole purpose was to create a gigantic tax loss out of thin air without any economic risk, cost or loss -- other than the fee Marriott paid the promoter.
