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Koch Industries Lawyer to White House: How Did You Get Our Tax Information?
Weekly Standard ^ | September 20, 2010 | John McCormack

Posted on 09/20/2010 2:12:12 PM PDT by reaganaut1

Lately, the White House and its allies have been drawing attention to the political activities of libertarian billionaires Charles and David Koch. In an August 9 speech, President Obama singled out Americans for Prosperity, a free-market political group founded by David Koch in 2004. In the wake of the Citizens United Supreme Court decision, Obama said:

...

"Using a great deal" of research by the left-wing Center for American Progress, the New Yorker's Jane Mayer reported in the magazine's August 30 issue that the Kochs are "waging a war against Obama." Reason's Nick Gillespie argued that Mayer's report was nothing more than "sly innuendo and revelations as lame as they are breathless," but that hasn't stopped top Democrats from blasting the Kochs for funding the Democrats' political opposition.

Democratic Congressional Campaign Committee chairman Chris Van Hollen said in a September 10 TV appearance that "Americans for Prosperity which are the Koch Industries ... did well under the Bush administration economic policies," which is why AFP is opposing the Democrats. In a September 16 speech, President Obama again singled out Americans for Prosperity. Even Jimmy Carter took a whack at the Kochs last week.

While the attention is unwanted for the Kochs, if somewhat expected, a lawyer for Koch Industries now tells THE WEEKLY STANDARD that the administration may have crossed a line by revealing tax information about Koch Industries. According to Mark Holden, senior vice president and general counsel of Koch Industries, a senior Obama administration official told reporters at an August 27 on-the-record background briefing on corporate taxes:

(Excerpt) Read more at weeklystandard.com ...


TOPICS: Crime/Corruption; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: americans4prosperity; crooks; koch; kochbrothers; kochindustries; leftists; marxists; obama; taxsnooping
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To: wintertime

I would like to know more about the possibility of sherif Arpazio(?) or even the state of Arizona sueing the Feds and chief enforcer Obama as to the eligibility as POTUSA to bring such suits against them. Arizona certainly would have standing in the SCOTUSA.


51 posted on 09/20/2010 10:37:01 PM PDT by noinfringers2
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To: Candor7

Thanks for the link to that piece.


52 posted on 09/20/2010 10:43:20 PM PDT by ELS (Vivat Benedictus XVI!)
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To: reaganaut1

this, the DOJ vendettas against individuals in
AZ, the back-door funding of the likes of ACORN - Obama is worse than what liberals accused Nixon of doing.


53 posted on 09/21/2010 2:56:19 AM PDT by PGR88
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To: trad_anglican

the state has no bearing on whether you are an S Corp. you file this request for S Corp status with the IRS after you create the corporation with the sec of state... the state is NOT involved


54 posted on 09/21/2010 3:15:31 AM PDT by RobFromGa (The FairTax is to tax policy as Global Warming is to science.)
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To: reaganaut1

Maybe they just asked Hillary for her “files”


55 posted on 09/21/2010 3:54:51 AM PDT by esoxmagnum
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To: hoosiermama

Add yet another impeachable offense log to the simmering fire.

BTTT!!


56 posted on 09/21/2010 8:41:46 AM PDT by penelopesire ('You are either with us or you are with the marxists')
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To: DBeers; trad_anglican
DBeers, the argument was whether the public records of incorporation reveal whether a corporation pays (corporate income) taxes or not, that is whether it is a "C" or an "S" corporation.

They do not. Here for example is how the Indiana SOS categorizes Koch Industries's corporate status:

"For-Profit Foreign Corporation "

"Foreign" means Koch is actually incorporated in another state, probably a state popular for incorporations due to the state's rules as to Stockholding Voting and such things (e.g. Delaware, Nevada).

There is no and there is never a mention of the corporation's tax filing status.

If a corporation is a publicly traded one, then you will see in its 10-Ks and 10-Qs filed with the SEC, substantial financial disclosure, including the tax provisions, how much in the U.S. and foreign, and how much overall tax actually paid.

So you are right, the Obama Administration gave it self away by disclosing non-public information on Koch Industries, Inc.'s tax status.

Furthermore, as someone else pointed out, what BHO is really decrying is that the owners of Koch, as well as countless other owners of S corps., LLCs, and P'ships, are not paying double taxation on income from the business entities.

Why should they?
57 posted on 09/21/2010 2:27:57 PM PDT by kenavi (What drove BP to drill 5,000 feet down?)
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To: PGR88
Hmmmm... Perhaps some ambitious attorneys should find out the number of non Democrats with IRS trouble vs the number of Democrats. If the percentage of non Democrats is significantly higher than that of the general population there may be a huge class action against the IRS here.

And one they wouldn't like to become public knowledge

58 posted on 09/22/2010 1:08:05 PM PDT by Cowman (How can the IRS seize property without a warrant if the 4th amendment still stands?)
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