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Politics : Formerly About Advanced Micro Devices

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To: Brumar89 who wrote (631667)10/14/2011 2:58:38 PM
From: Tenchusatsu3 Recommendations   of 1577517
 
Brumar, > However, according to the IRS, “losses resulting from acquisitions made to evade or avoid income tax are prohibited.”

Yet this guy George Kaiser settles with the IRS for 15 cents on every tax dollar dodged.

How nice. A clear case of acquiring a company just to count its losses as tax deductions. Yet he gets away with it with good tax lawyers and probably some political influence as well.

This guy, of course, gets a pass from the libtards on this thread as well as the left-wing do-nothing protesters.

Tenchusatsu
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