Delaware Liberal

DL Open Thread: Tues., Dec. 17, 2019

Mormon Church Just Another Corrupt Tax-Avoiding Corporation?  A well-connected whistleblower alleges just that.

A former investment manager alleges in a whistleblower complaint to the Internal Revenue Service that the Church of Jesus Christ of Latter-day Saints has amassed about $100 billion in accounts intended for charitable purposes, according to a copy of the complaint obtained by The Washington Post.

The confidential document, received by the IRS on Nov. 21, accuses church leaders of misleading members — and possibly breaching federal tax rules — by stockpiling their surplus donations instead of using them for charitable works. It also accuses church leaders of using the tax-exempt donations to prop up a pair of businesses.

Supposedly the funds are to be spent upon ‘the second coming of Christ’.  Gotta admit, that’s pretty creative.

How The Sackler Family Took Steps To Avoid Purdue Pharma Liability.  Speaking of corrupt corporations:

As scrutiny of Purdue Pharma’s role in the opioid epidemic intensified during the past dozen years, its owners, members of the Sackler family, withdrew more than $10 billion from the company, distributing it among trusts and overseas holding companies, according to a new audit commissioned by Purdue.

The amount is more than eight times what the family took out of the company in the 13 years after OxyContin, its signature product, was approved in 1995. The audit is likely to renew questions about how much the Sacklers should pay to resolve more than 2,800 lawsuits that seek to hold Purdue accountable for the opioid crisis.

How much should they pay? Every penny they have and ever will have. Which is still not enough.

Elections Matter: Kentucky Governor Issues Executive Order Protecting Those At Risk Of Losing Health Insurance.  We’re talking 480,000 people who could have lost their health insurance. 

Giuliani Admits Need To Get US Ambassador To Ukraine ‘Out Of The Way’.  So he did. I continue to be amazed that Rudy doesn’t even try to hide his in-plain-sight corruption.  Must be a New York thing. De Niro’s right: These guys are more corrupt than any gangster he’s ever played.

McKinsey Lied About Its ICE Contract. ProPublica Is Having None Of It.  ProPublica is the best. Contribute to its ongoing journalism efforts here.

Boeing Stops Production On Its Flawed 737 MAX.  Could have a ripple effect on the economy.

DuPont To Exit Plant Burger Business.  Kids, see if you reach the same conclusion that I have. Let’s first hear from our ‘leaders’:

“I remain cautiously optimistic that this will bring good things to the company and its presence in Delaware,” Carper said.

In a statement, Delaware Gov. John Carney said he was “optimistic” the $7.3 billion cash payout “will lead to additional investment in Delaware.”

He said he has worked for “several years” along with Delaware’s members of Congress “to keep DuPont’s business units and thousands of good-paying jobs in Delaware.”

My conclusion?: DuPont and FFI will soon be meeting behind closed doors with that FOIA-exempt economic development group to extort yet more money from the state. Does anybody see it differently?

What do you want to talk about?

Exit mobile version