Trump used dubious tax dodge in 1990s; campaigns enter final week

San Jose Mercury ^ | November 1, 2016

[artichokegrower]

Donald Trump avoided paying potentially hundreds of millions of dollars in taxes in a way even his own lawyers considered questionable, The New York Times reported Monday.

The newspaper said the maneuver also may explain how Trump posted a one-year loss of more than $900 million a few years later, enabling him to avoid paying federal income taxes for perhaps 18 years.

[BookmanTheJanitor]

The only one breaking the law were the people who stole/shared his tax return.

[Nailbiter]

thx

[Boomer One]

Article makes a good point that is often overlooked and should be exploited by Trump. He is a manager. It is his job to find the best qualified people to fill a position. In this case it was a lawyer and accountant. Their advice was upheld by IRS review and made within the existing framework of laws. By making good choices, Trump was able to accomplish his goal of asset recovery/not paying taxes. Our country has long needed a manager to provide focus and bring in those individuals for key positions capable of providing success in achieving goals.

[mykroar]

The tramps aren’t working, back to the tax well . . .

[Made In The USA]

That picture just makes me very happy. After staring at it a while I also noticed a picture of the impeached president. That’s nice too.

[JediJones]

Dubious only because they say swapping equity in a struggling company in exchange for debt forgiveness may be questionable because the company may be worthless. BUT in Trump’s case, his fortunes and companies rebounded. The NY Times article did not say if the equity the creditors held increased in value at the same time, but it certainly should have. So the creditors may have been paid back a lot if not more than what they were owed in the long run.

[the_daug]

False, Fraudulent, or Missing Returns: No IRS Statute of Limitations. It is also important to note that no deadline applies where the IRS can establish that a taxpayer has: 1) filed a false or fraudulent return; 2) willfully attempted to evade tax; or 3) failed to file a return

Tax avoidance is good stewardship.

Hope Hicks, Trump’s spokeswoman, told The Times that its reporting “suggests either a fundamental misunderstanding or an intentional misreading of the law.” She said Trump doesn’t think taxpayers “should file returns that resolve all doubt in favor of the IRS.”

That is why there is a Tax court.

[trebb]

Yep - followed some “dubious laws” and was OK’d by the IRS - what a freakin’ scandal!

[Renegade]

It was LEGAL. What’s the problem???Get Over It Demorats!

[RoosterRedux]

It's a nothingburger, but it's the very best they've got.

This shows how desperate they are.

They are out of ammo.

[pepsi_junkie]

In practice, the strategy was almost identical to a tax maneuver that was already outlawed, but differed in minor details.

Going 65mph is almost identical to going 66mph, a similar driving maneuver that is already outlawed. In fact it differs in only one minor detail.

[9YearLurker]

Lanny “Stuff it in my pants” Davis.

[NYer]

Thank you! The other attack now making the rounds, is that Bush “lost” 22 million emails. Truly snarky tactics by a desperate HRC.

[Liz]

Powerful bank, UBS, paid Bill Clinton $1.5 million to participate in a series of Q/A sessions with UBS Wealth Management Chief Exec Bob McCann, making UBS Clinton's biggest single corporate source of speech income disclosed since he left the White House.

UBS paid Hillary $225,000 dollars for a 2013 speech.

More importantly, L/E needs to investigate UBS' so-called loan to the Clinton Foundation in the amt of $32 million dollars "to launch entrepreneurship and inner-city loan programs." Let's have a look-see at all the inner city do-good the Clinton Foundation did using all that money.

=========================================

UPDATE--- WIKILEAKS ON CLINTON FOUNDATION

UBS – Total Giving: $540,000 (since 2005)
2005: $25,000 year total – for Katrina
2006: $15,000 year total – for CGI membership
2007: $90,000 year total – for CGI membership
2008: $20,000 year total – for CGI membership
2010: $20,000 year total – for CGI membership
2011: $370,000 year total – $20,000 for CGI membership;
$350,000 for Clinton Economic Opportunity

THE TENEO EXTORTION CONNECTION---UBS' Bob McCann is the head of UBS Wealth Management and a long time client and close friend of Teneo, co-founder Declan Kelly. Mr. Kelly introduced Mr. McCann to President Clinton at an American Ireland Fund event in 2009.

Teneoo's Kelly subsequently asked Mr. McCann to support the Clinton Foundation, which he did via the Clinton Economic Opportunity Initiative. Mr. Kelly also encouraged Mr. McCann to invite President Clinton to give several paid speeches, which he has done.

[Arthur Wildfire! March]

Copied your research on Digging Deep
http://www.freerepublic.com/focus/chat/2636478/posts?page=2730

[Will also copy previous research you did earlier this morning as a bundled ‘wikileaks frenzy’ update.]

[V K Lee]

As the majority of the jackals seem to have nothing but money and SEX on their minds, I would suggest ‘cherry’ would be the best choice.