I guess for April Fools Day the @nytimes will publish a real news story today!
IRS caught Big Pharma company Bristol Myers dodging $1.4B by assigning patents to it's Ireland office. A common tactic to pay royalties on it's products into a low tax nation. #ButNothingsHappening
Multinational corporations buy off Swamp creatures around the world to make loopholes that they can drive billions in profits through to evade taxes.
Relying upon the corruption services industry (accountants, lawyers, & others) to hide the arrangements & defend them if caught.
Ah, now we see why the NY Times cares today. It wants to use it as an excuse to support the infrastructure tax increases. Of course these multinationals will just invent new tax avoidance schemes & small businesses will pay all the taxes just as it is not.
Bristol Myers had been forced to fire PriceWaterhouseCoopers accounting firm when they got caught in an accounting scandal in 2006.
But when they needed to evade taxes in 2012, they went back to the firm they knew could do more shady accounting for them to evade taxes.
So PwC helped Bristol Myers play shell games with their patents to illegally generate more tax deductions. But you can claim it isn't a crime if a Swampy law firm signs off on it saying it is legal!
It worked Bristol Myers reduced it's tax rate from 25% to -7% with this evasion scheme!
Even their investors knew this was a shady deal resulting in a 'unique' tax rate & had questions the executives would not answer.
In 2020, the IRS ruled that Bristol Myers was evading taxes & drafted a legal analysis to support it. The company was redacted but done in a way that allowed sleuths to see what was behind the redactions.
Was it simply government incompetence as redacting private tax payer information?
Or did someone want this accounting & legal rubber stamped corruption exposed to the public to keep it from being buried?
IRS found that both the law firm & the accounting firm ignored the one law Bristol Myers was breaking in their legal analysis ruling the plan legal.
It is not an unusual tactic in the Swamp to get a lawyer's rubber stamp ignoring the real crime & declaring your actions legal...
Let's hope the IRS grows a backbone now that this has leaked & doesn't give Bristol Myers a sweetheart deal to pay back only a portion of the taxes it evaded. I think some corruption services industry leaders need to face consequences for engineering this too!
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Remember the researchers at Georgia Tech who were getting paid by the DOD & USAF to spy on Trump & feed that info into Hillary's oppo research campaign?
DOJ joined a lawsuit accusing GT on behalf of those researchers of lying to DOD about compliance with cybersecurity procedures.
So the cybersecurity people accessing NSA data to spy upon Donald Trump for the Pentagon were willfully avoiding compliance with security proposals. Then pressuring GT to lie to the DOD & submit false audits claiming that their computers were secure.
#ButNothingsHappening
I know some people still believe Hillary's Russia Hoax that told them FBI was investigating & spying on Trump.
How long are you going to continue to believe Hillary's smokescreen & help hide that it was her campaign & the Pentagon that spied on Trump?
For those who don't understand the law in this case, Congress has authorized the Attorney General to specially appoint lawyers & conduct legal proceedings at the same level as US Attorneys without confirmation. It's specifically authorized.
While Canon ignores Section 515, it specifically authorizes AGs to appoint special attorneys to prosecute criminal cases & run grand juries same as a US Attorney can.
She claims the law does not authorize the AG to appoint a special counsel with the authority of a US Attorney.
Julian Assange flying to the North Marianas to plead guilty to espionage.
Gets a 62 month prison sentence, but will be released with time served for his 5 years in British prison.
The choice of the Northern Marianas Islands is unusual.
That US territory is a hub for Chinese money laundering to the US & to US politicians. Wonder if he will testify to a US grand jury while he is there? Or has he already done so by Zoom?
The Chinese have been buying off Swampy politicians on Pacific islands that are US territories to infiltrate them to get into the US financial system.
The Northern Marianas, the Solomons, & many others...
Beny Steinmetz connects to so much corruption around the world!
Steinmetz was arrested 3 years ago shortlay after FBI seized Hunter & Rudy's electronic devices including communications with his lawyer former FBI Director Louis Freeh.
#ButNothingsHappening
On behalf of Steinmetz & other clients, Freeh tried to gain access to Trump & Biden through Guiliani & Hunter. Freeh marked all his emails as Attorney Client privileged in an effort to protect them. DOJ needed filter teams or a special master to read them.
Exclusive: The case of the Michael Cohen condo just got a whole lot more interesting!
I found an online report on the resident. It isn't an embassy or a diplomat.
It appears to be a couple who are financial reporters for CNBC & Bloomberg?
It was well publicized that Michael Cohen's condo at 111 Murray Street is 19West or 19W.
A condo that he rented on 11/27/18 prior to pleading guilty in SDNY on 11/29/18.
The website identifies as a resident of 19W Sara A Eisen, 39 formerly of Cincinatti, OH.
It appears to be Sara A. Eisen the co-host of CNBC's Squakbox. One of her associates listed on the website is her husband Matthew Levine. usphonebook.com/address/111-mu…
The majority of Daszak's funds came from DOD, but the previous investigations focused on Daszak taking money from NIH that prohibited him from conducting GoF work.
Work he did in Wuhan anyway & concealed it from NIH.
Daszak claimed he 'accidentally' conducted GoF work in Wuhan in 2018-2019. But he concealed this from NIH until 2021 even though his grants required immediate reporting of 'accidental' GoF results.