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Subject Romney exposed in $100 million tax evasion scheme

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[quote:Anonymous Coward 21235597:MV8yMDQwNDA0XzM0Mjk5MDUwXzE0REU1NkE0]
Tax Tards....

Quoted from http://www.assetlawyer.com/estate_tax_planning_minimizing_taxes.htm

[i]Judge Billings Learned Hand (1872-1961), one of the most important federal judges of the last century, wrote:

"Over and over again, courts have said that there is nothing sinister in arranging one's affairs as to keep taxes as low as possible. Everybody does so, rich and poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions."

Commissioner of Internal Revenue v. Newman, 159 F.2d 848 (2d Cir. 1947) (dissenting opinion).

Moreover, Justice George Sutherland (1862-1942) of the United States Supreme Court wrote:

"[T]he legal right of a taxpayer to decrease the amount of... what otherwise would be his taxes, or altogether avoid them, by means which the law permits cannot be avoided."

Gregory v. Helvering, 293 U.S. 465 (1935).

These words establish a clear principal: Tax minimization, through legal means, is not only allowable, it is wise and it is universal.

There is absolutely nothing immoral, illegal, unethical or even unpatriotic about minimizing your tax obligation.
[/i]

Sorry if you don't like the fact that the insanity of the IRS code drives productive and profitable individuals and corporations to arrange their affairs in a manner that moves money outside the United States. But, you've allowed your politicians to do it, and people will use whatever means necessary to avoid paying taxes, even to the absurd measures that appear to be unethical or even criminal.

Of course, you'd need to travel the world and study history to understand such things. AVOIDING taxes is nothing new. And nothing sinister or unfair, much less criminal as some portray it.

Ever been to Amsterdam. Want to know why the houses look the way they do? Taxes.

[i]Taxation distorts human action and causes people to act in ways that sometimes are counter productive to everyone.[/i]

from http://freestudents.blogspot.com/2007/02/funny-houses-and-taxman.html

So now you want to harp on a story from a Dutch newspaper about Romney. The Dutch are the starkest physical example of tax avoidance.
[/quote]

Original Message Investigative reporters at a respected Dutch newspaper, De Volkskrant, published a story that Mitt Romney avoided $100 million in dividend taxes using a complex route that ran through The Netherlands. The mechanism used an arcane clause in the tax treaties that determine which country can tax which type of income when a construction, in this case a private equity fund, runs through multiple countries. Some of the data came from legal documents filed with the Dutch Chamber of Commerce. The reporters repeatedly asked Romney to comment on the story but he refused. A translation of the original dutch language article:

[link to www.electoral-vote.com]

Pictures (click to insert)





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