What a shocker, D's want another distraction! This fruitless investigation will end with no findings of wrong doing in December.
Maybe they should investigate the 100s of companies OBAMA directed funds to that are out of business!!!
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Maybe they should investigate the 100s of companies OBAMA directed funds to that are out of business!!!
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ALBANY, N.Y. New Yorks attorney general is investigating tax strategies of some of the nations largest private equity firms, including Bain Capital, founded by Republican presidential nominee Mitt Romney, an official familiar with the probe said Sunday.
Attorney General Eric Schneiderman is examining whether the firms have abused a tax strategy to avoid paying hundreds of millions of dollars in taxes, said the official, who spoke on the condition of anonymity because of the sensitivity of the probe. The practice involves converting some fees collected for managing accounts into fund investments, resulting in a lower tax rate.
Source: NY attorney general investigating private equity firms, including Romney-founded Bain - The Washington Post