|
|
| Post Number: 81
|
Self-Banished 
Group: Members
Posts: 22682
Joined: Feb. 2006
|
 |
Posted on: Sep. 14 2014,4:03 pm |
|
   |
Who cares if it's. Lie or not?
If it is a lie it'll probably came back to bite Al in the ass
If it isn't he did right by his company to save money by getting out of this repressive tax structure.
--------------
 Remember boys and girls,
Don’t be a Dick …
Or a “Wayne” 
|
 |
|
|
| Post Number: 82
|
MADDOG
Group: Moderator
Posts: 7821
Joined: Aug. 2003
|
|
Posted on: Sep. 14 2014,7:00 pm |
|
 |
QUOTE It is true that McFadden’s parent firm Lazard moved its headquarters to Bermuda in 2005 to avoid U.S. corporate taxes, which are among the highest in the world. It’s called a “tax inversion,” where companies head overseas to find a friendly tax climate. The number of companies seeking tax inversions is growing. This year, Minnesota-based Medtronic moved its headquarters to low-tax Ireland. But the ad may overstate McFadden’s Bermuda connection when it says that his business is based in Bermuda. McFadden joined Lazard in 2007, two years after it moved to Bermuda. The Lazard Middle Market office he led is headquartered in Delaware. Nevertheless, it’s fully a part of the parent company in Bermuda. And while he says he’s opposed to tax inversions, McFadden made a fortune with one of the first American companies to do it. Tom Erickson, a spokesman for the McFadden for Senate campaign, released this statement:
“This is nothing but a desperate attempt by Democrats to turn attention away from the failed Obama-Franken foreign policy agenda that is creating chaos around the globe.
By refusing to reform the tax code, Al Franken and President Obama are encouraging companies to move their headquarters overseas. We need leaders in Washington with business experience who can get our economy back on track and who will reform our tax code by lowering rates and eliminating special interest loopholes so we can encourage investment here in America, not abroad.” Reality Check
--------------
Actually my wife is especially happy when my google check arrives each month. Thanks to douchbags like you, I get paid just for getting you worked up. -Liberal
|
|
|
|
| Post Number: 83
|
Liberal
Group: Moderator
Posts: 11451
Joined: Aug. 2003
|
|
Posted on: Sep. 15 2014,7:27 am |
|
|
You bold comments from the tax evaders spokesman and think that means Franken lied? 
The only statement judging the accuracy is the one that says "But the ad may overstate McFadden’s Bermuda connection when it says that his business is based in Bermuda." 
Why did you not highlight the part that said
The Lazard Middle Market office he led is headquartered in Delaware. Nevertheless, it’s fully a part of the parent company in Bermuda. And while he says he’s opposed to tax inversions, McFadden made a fortune with one of the first American companies to do i .
--------------
The people are masters of both Congress and courts, not to overthrow the Constitution, but to overthrow the men who pervert it!
|
|
|
|
| Post Number: 84
|
MADDOG
Group: Moderator
Posts: 7821
Joined: Aug. 2003
|
|
Posted on: Sep. 15 2014,8:43 am |
|
|
I never said Franken lied anymore than you in another thread keep leading that readers to believe you think its OK to beat a kid to the point of making lacerations.
I pointed out that the company was already in Bermuda when he jointed the company. Therefore he would have KNOWN about the tax inversion.
You argue just to argue.
By the way, how's that broad coalition coming that Obama said he had last Wednesday to “degrade” and “destroy” the Islamic State?
--------------
Actually my wife is especially happy when my google check arrives each month. Thanks to douchbags like you, I get paid just for getting you worked up. -Liberal
|
|
|
|
| Post Number: 85
|
Liberal
Group: Moderator
Posts: 11451
Joined: Aug. 2003
|
|
Posted on: Sep. 15 2014,9:54 am |
|
|
if you were only pointing out that they moved wht did you bold the statement from the tax dodgers spokesman?
I never led anyone to believe that it was okay to hit a kid with a stick but given your Iowa education, or lack thereof, I can see why you could think, now shouldn't you get back to selling cars?
--------------
The people are masters of both Congress and courts, not to overthrow the Constitution, but to overthrow the men who pervert it!
|
|
|
|
| Post Number: 86
|
stardust17
Group: Members
Posts: 129
Joined: Nov. 2010
|
|
Posted on: Sep. 16 2014,1:04 am |
|
|
According to the Trib poll hundreds of AL citizens support tax cheat McFatten. All them "hard-working, tax paying" citizens show their true colors once more.
|
|
|
|
| Post Number: 87
|
|
|
| Post Number: 88
|
|
|
| Post Number: 89
|
Common Citizen
Group: Members
Posts: 4818
Joined: Jul. 2006
|
|
Posted on: Sep. 16 2014,7:41 am |
|
|
Let's get the story straight people.
McFadden is not a tax cheat. He became the CEO of Goldsmith, Agio, and Helms (domiciled in Minnesota) which was sold to Lazard in 2007 and became a subsidiary now called Lazard Middle Markets and is domiciled in Delaware. (If you know anything about finance, you would know that it is a common practice for financial institutions to be domiciled in Delaware because of the favorable tax climate). Completely legal and prudent for any business owner to consider. Last I checked, Delaware is still one of the 50 states.
Lazard is the parent company of the subsidiary Lazard Middle Markets (domiciled in Delaware) that McFadden has run since 2007. Lazard had already been moved to Bermuda by 2005, two years before McFadden's firm was bought out. (Obviously he was not apart of that decision nor would he be now if it ever came up because he is a CEO of the subsidiary (domiciled in Delaware) and not of the parent company (domiciled in Bermuda).
So no. McFadden is not a tax cheat.
Al Franken on the other hand...well you can read the stories yourself like Liberal has and make your own mind up as to who the tax cheat really is...I'll even defer the tax cheat label and call it incompetence. Not the kind of Senator I want voting for laws on my behalf.
|
|
|
|
| Post Number: 90
|
|
|
|
|
|
