close

Privacy guaranteed - Your email is not shared with anyone.

Did Romney enable a company's abusive tax shelter?

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

  1. Flintlocker

    Flintlocker

    Joined:
    Jul 1, 2011
    Messages:
    1,247
    Likes Received:
    0
    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

    Joined:
    Mar 9, 2012
    Messages:
    17,069
    Likes Received:
    27
    Obama socialist hate companies that make a profit---uless they donate to Obama of course
     

  3. Flintlocker

    Flintlocker

    Joined:
    Jul 1, 2011
    Messages:
    1,247
    Likes Received:
    0
    Did you even read the article?
     
  4. Rooster Rugburn

    Rooster Rugburn Got Pignose?

    Joined:
    May 9, 2002
    Messages:
    6,095
    Likes Received:
    479
    Location:
    hopefully, on your ignore list
    The left is getting scared and desperate. That's a good sign.
     
  5. Flintlocker

    Flintlocker

    Joined:
    Jul 1, 2011
    Messages:
    1,247
    Likes Received:
    0
    Did you have a dispute with something in the article? Some inaccuracy perchance? Do tell.
     
  6. IvanVic

    IvanVic

    Joined:
    Apr 19, 2012
    Messages:
    7,899
    Likes Received:
    3,301
    What law did Mariott supposedly break?

    Outdoor Hub mobile, the outdoor information engine
     
    Last edited: Oct 20, 2012
  7. beforeobamabans

    beforeobamabans FYPM

    Joined:
    Jan 8, 2009
    Messages:
    5,596
    Likes Received:
    1
    Location:
    Crossroads of America
    A day late and a dollar short. Now.....about Benghazi.....
     
  8. kirgi08

    kirgi08 Watcher. Silver Member

    Joined:
    Jun 4, 2007
    Messages:
    36,019
    Likes Received:
    4,867
    Location:
    Acme proving grounds.
  9. Sam Spade

    Sam Spade Staff Member Lifetime Member

    Joined:
    May 4, 2003
    Messages:
    15,765
    Likes Received:
    4,148
    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?
     
  10. aircarver

    aircarver Descent Terminated Silver Member

    Joined:
    May 26, 2002
    Messages:
    29,646
    Likes Received:
    6,583
    Location:
    Ft. Worth, Republic of Texas
    I hope you enjoy President Romney as much as I have enjoyed "president" Obamao ... :supergrin:


    oh... and ....FUD

    .
     
  11. Providence

    Providence

    Joined:
    Feb 5, 2011
    Messages:
    555
    Likes Received:
    2
    Location:
    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!
     
  12. jakebrake

    jakebrake cracker

    Joined:
    Jan 11, 2011
    Messages:
    7,925
    Likes Received:
    10
    Location:
    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
     
  13. JFrame

    JFrame

    Joined:
    May 29, 2001
    Messages:
    41,255
    Likes Received:
    12,674
    Location:
    Mid-Atlantic, US of A

    Word!!! [​IMG]


    .
     
  14. kirgi08

    kirgi08 Watcher. Silver Member

    Joined:
    Jun 4, 2007
    Messages:
    36,019
    Likes Received:
    4,867
    Location:
    Acme proving grounds.
  15. series1811

    series1811 Enforcerator. CLM

    Joined:
    Apr 27, 2003
    Messages:
    11,385
    Likes Received:
    18
    Location:
    Retired, but not expired.
    Did you?
     
  16. JBnTX

    JBnTX 2 Timothy 2:15

    Joined:
    Aug 28, 2008
    Messages:
    21,926
    Likes Received:
    6,987
    Location:
    Lone Star State
    Hey Flintlocker,

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

    Raptor5

    Joined:
    Mar 23, 2002
    Messages:
    265
    Likes Received:
    106
    Location:
    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!!
     
  18. jdavionic

    jdavionic NRA Member

    Joined:
    May 1, 2008
    Messages:
    16,203
    Likes Received:
    4,542
    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.
     
  19. Atomic Punk

    Atomic Punk

    Joined:
    Mar 11, 2008
    Messages:
    3,645
    Likes Received:
    827
    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.
     
  20. callihan_44

    callihan_44 INFIDEL

    Joined:
    Aug 19, 2010
    Messages:
    5,997
    Likes Received:
    3,324
    Location:
    Muslim no-go zone
    where is barry's REAL BC ?:upeyes: