The Latest Business Attack on MLPs Is Just as Flimsy as the Inversion Crusade
Earlier this week, the business world was chattering about the news that Kinder Morgan, pioneer of the Master Limited Partnership (MLP) business model, was surrendering the MLP structure in favor of a more traditional corporation. This happened last Sunday. While many questioned what this meant for the MLP model in general, the more pressing questions began to emerge when, the following day, the Treasury Department | Read More »
Audit Reveals Government-Run Transparency Site Is Inaccurate and Inconsistent
USAToday gave a sobering report this week which reaffirmed the inability of our government to be both accurate and transparent. The Government Accountability Office (GAO) audited spending data from 2012, the most recent year for which data is available, by comparing government agency records with those found on USASpending.gov. The GAO reported that only 2-7% of the numbers found on the website is ‘fully consistent | Read More »
Obama’s “Inversion” Crusade Is Really Just Another Attack On Businesses
Obama has called “for an end to a corporate loophole that allows companies to avoid federal taxes by shifting their tax domiciles overseas in deals known as “inversions.” Such as statement shows the utter ineptitude that Obama has for understanding a) what inversion actually is and b) how his policies are the cause. Inversion is not a “corporate loophole” and companies who do so are | Read More »
What is the Proper “Fair Share”?
Here’s a true story to ponder. A gentleman, one of my clients, recently sold his entire business that he founded. Having worked at it and worked hard for it his entire life (he is in his late 70′s), the company sold for around $600 million dollars. This is a classic example of the American Dream. From the sale of the company, his cut was around | Read More »