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Did Romney enable a company's abusive tax shelter?

Discussion in 'Political Issues' started by Flintlocker, Oct 20, 2012.

  1. Flintlocker

    Flintlocker

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    http://www.cnn.com/2012/08/08/opinion/canellos-kleinbard-romney-taxes/index.html

    Romney has had a close, long-standing, personal and business connection with Marriott International and its founders. He served as a member of the Marriott board of directors for many years. From 1993 to 1998, Romney was the head of the audit committee of the Marriott board.
    During that period, Marriott engaged in a series of complex and high-profile maneuvers, including "Son of Boss," a notoriously abusive prepackaged tax shelter that investment banks and accounting firms marketed to corporations such as Marriott. In this respect, Marriott was in the vanguard of a then-emerging corporate tax shelter bubble that substantially undermined the entire corporate tax system.
    Son of Boss and its related shelters represented perhaps the largest tax avoidance scheme in history, costing the U.S. many billions in lost corporate tax revenues. In response, the government initiated legal challenges that resulted in complete disallowance of the losses claimed by Marriott and other corporations.
     
  2. countrygun

    countrygun

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    Mar 9, 2012
    Obama socialist hate companies that make a profit---uless they donate to Obama of course
     


  3. Flintlocker

    Flintlocker

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    Jul 1, 2011
    Did you even read the article?
     
  4. The left is getting scared and desperate. That's a good sign.
     
  5. Flintlocker

    Flintlocker

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    Jul 1, 2011
    Did you have a dispute with something in the article? Some inaccuracy perchance? Do tell.
     
  6. IvanVic

    IvanVic

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    What law did Mariott supposedly break?

    Outdoor Hub mobile, the outdoor information engine
     
    Last edited: Oct 20, 2012
  7. A day late and a dollar short. Now.....about Benghazi.....
     
  8. Sam Spade

    Sam Spade Staff Member Lifetime Member

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    I did.

    1) It's an opinion piece, not a report and certainly not a vetted work.

    2) It relies on the absence of evidence to smear via innuendo: If only, if oooonly Romney had released tax returns that he isn't required to, we might see that he followed the law that is so unfair.

    3) It lies by omission (as do certain posters here), using IRS action against others to suggest guilt on Romney's part. And it fails to mention the time frames involved with the changing world of regulations.

    You're a desperate little fellow, aren't you?
     
  9. aircarver

    aircarver Ride Continues Silver Member

    I hope you enjoy President Romney as much as I have enjoyed "president" Obamao ... :supergrin:


    oh... and ....FUD

    .
     
  10. Providence

    Providence

    555
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    Feb 5, 2011
    Woodstock, GA
    I am now convinced! Romney is a bad man! I'm voting for the communist who has done such a good job these last 4 years!

    Wait a second... F & F, green jobs, loss of liberty, Benghazi... but Romney may have done something wrong, so I'll vote for the communist! Besides that Romney is a Mormon, and I'm too open minded to vote for a Mormon!
     
  11. jakebrake

    jakebrake cracker

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    Jan 11, 2011
    too close to philly
    just think....in less than 3 weeks, another d.u. hack gun hating poseur retread will dissappear.....forever.

    let me be the first to say:wavey:

    mmmmbyebye
     
  12. JFrame

    JFrame

    38,221
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    May 29, 2001
    Mid-Atlantic, US of A

    Word!!! [​IMG]


    .
     
  13. series1811

    series1811 Enforcerator. CLM

    Did you?
     
  14. JBnTX

    JBnTX Bible Thumper

    20,043
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    Aug 28, 2008
    Fort Worth Texas
    Hey Flintlocker,

    What if Romney did all that stuff and even worse?
    So What?
     
  15. Raptor5

    Raptor5

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    Scottsdale, AZ
    ......... so amusing...... Lintlicker is a microcosm of the entertainment dolts, the Lamestream media, and dumocrats in general who are in such full panic mode that they are trying EVERYTHING in a futile attempt to stem the Romney tide!!

    ........So Long Odumbo!!
     
  16. jdavionic

    jdavionic NRA Member

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    May 1, 2008
    Did you? It's an op piece...that's opinion.

    You are entitled to your short bus ride to school each day, Flintlocker; but you're not entitled to your own facts.
     
  17. Atomic Punk

    Atomic Punk

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    Mar 11, 2008
    even if completely true, so what? all tax's "paid" by a corporation just get piled onto the cost of whatever the product is. so whatever tax shelter they get would be close to saving money for the consumer.

    and even if they just kept the extra, again so what? people have a choice about what they buy. company's exist to make money. not to fund government.