Thread by @Peaceful_411

What would backtaxes be on $100 Billion?

#AskingForAFriend

"While accumulating this wealth, Ensign [the church's investment arm] has not directly funded any religious, educational or charitable activities in 22 years, the complaint said."

washingtonpost.com/investigations…

Well, hello there, Ensign Peak Advisors. Fancy seeing you there in the #ParadisePapers.

From IRS.gov on the whistleblower payout:

Anywhere from 15-30% if you turnover "solid information" and if its a "significant federal tax issue." ⬇️⬇️⬇️

For kicks & giggles let's say the Church owes 15% in back taxes on $100B.That's $15B. Then 15% of that for the whistleblower award is $2.25B.

The Church happened to have fired this employee BEFORE he filed his whistleblower complaint. So yeah, I bet he's got some solid info...

Journalists better not go digging into the Church's financial records back into the 1980s...

archive.sltrib.com/article.php?id…

I just want to understand what Fiat Chrysler has to do with the President of the Mormon Church.

From @politico's unauthorized guestbook of folks that met with POTUS Trump back in Dec 2017:

politico.com/interactives/d…

@ThomasS4217 ⬆️

@wapo check this out:

"The student leaders present that to the finance board here on campus to get their approval, who then send that down to the Ensign Peak Advisors who helps manage financial investments for the church, who then buys & sells our funds.”
rexburgstandardjournal.com/news/idaho/byu…

According to BYU-Idaho on the student investment funds:

"It’s important to know that none of these funds invested are tithing funds from the university’s parent organization, The Church of Jesus Christ of Latter-day Saints," according to faculty member Kerry Webb.

“This isn’t any tithing money,” Webb continues. “No funds are involved with the sacred side of the church. This is money all gathered on profits sold on bookstore stuff, cafeteria stuff, and student housing. They gathered up money from that and made it available for the society.”