August 29, 2005

Crime pays

indicted for setting up and running a scheme whereby the filthy rich could discount large profits by writing off bogus losses. It’s estimated that billionS (emphasis on the “S”) in taxes weren’t paid because of this.

It appears the company itself will emerge out of this unscathed because they allowed themselves to be investigated and they’re willing to pay $456 million in fines and returned fees.

Let’s see… Billions that could have gone to helping tsunami victims or African nations with AIDS epidemics or — heaven forbid — properly armored vehicles for our troops overseas, airport/airline security measures, or “No Child Left Behind” are lost. Only $456 million is “paid back.”

<

p> Sounds like a sweet deal to me. ]]>

...filed under "Uncategorized" @ 5:50 pm

No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a comment

Powered by WordPress