Obama and Koch Industries' Taxes

http://www.futureofcapitalism.com/2010/09/obama-and-koch-industries-taxes

The Weekly Standard talks to Mark Holden, senior vice president and general counsel of Koch Industries, about a briefing by a "senior Obama administration official" to reporters on corporate taxes, in which the official said, "we have a series of entities that do not pay corporate income tax. Some of which are really giant firms, you know Koch Industries is a multibillion dollar businesses."

Apparently the information on the corporate structure of Koch Industries had not been previously reported. Said Mr. Holden: "We are very concerned about why this would be said about us, particularly in this setting. We are concerned where this information would have been obtained from. We also are concerned in light of recent events that we have been singled out by the government and others as a campaign against us because of our political views."

It's reminiscent of Nixon wanting to use the IRS to audit political opponents.

by Editor  |  Sep 20, 2010 at 2:28 pm Related Topics:  Politics, President Obama, Taxes receive the latest by email: subscribe to the free futureofcapitalism.com mailing list