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View Diary: NYT: Bain’s tax “dodging” is "not legal," “subject to serious I.R.S. challenge” (128 comments)

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  •  How do you know it is a civil issue? (0+ / 0-)

    Or for that matter, how does anyone know without an investigation?  As you say if this is a tax issue, then the IRS would be involved.  If all of this is nothing and nothing criminal, then why not show the tax retuns?  Fraud is not a civil charge, or is it now?  

    •  Very few tax issues are criminal (0+ / 0-)

      The issues that lead to criminal prosecution usually involve tax evasion like Al Capone who was generating substantial income, but had no paying job. No one at Bain Capital or Romney personally is involved in tax evasion. Firms like PriceWaterhouseCoopers don't represent clients who are actively pursuing criminal activity. If they did the tax professionals would be at risk of losing their licenses and the survival of the firm could be at risk.

      I think the history of releasing the returns of candidates for POTUS has to do more with understanding their financial patterns, not to catch someone doing anything criminal.  

      "let's talk about that"

      by VClib on Mon Aug 27, 2012 at 10:38:38 AM PDT

      [ Parent ]

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