Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘Sprint Nextel’

Bain Capital among firms subpoenaed by NY AG – suspected of tax evasion

Posted by Warm Southern Breeze on Sunday, September 2, 2012

The noose tightens.

UPDATE 2-New York probes private equity tax strategy – source

Sun Sep 2, 2012 8:00am IST

* NY AG subpoenas at least 12 private equity firms
* AG probing conversion of fees into fund investments
* Bain, Romney’s former firm, among those subpoenaed
* KKR, Apollo, Silver Lake, TPG also get subpoenas

By Karen Freifeld and Greg Roumeliotis

Sept 1 (Reuters) – At least a dozen U.S. private equity firms have been subpoenaed by the New York state attorney general as part of a probe into whether a widely used tax strategy that saved these firms hundreds of millions of dollars is proper, a source familiar with the situation said on Saturday.

Among the firms that were subpoenaed are Bain Capital LLC, KKR & Co LP, TPG Capital LP, Apollo Global Management LLC and Silver Lake Partners LP, the source said.

Bain was once headed by Mitt Romney, the Republican candidate who hopes to unseat President Barack Obama in the Nov. 6 election.

The subpoenas, which were sent out in July, seek documents related to Read the rest of this entry »


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AT&T data taxing Class Action settlement reached

Posted by Warm Southern Breeze on Tuesday, December 14, 2010

Everybody hates lawyers… until they need one.

While some would go so far as to extol alleged virtues of the abolition of taxation, asserting that no one should not pay any taxes whatsoever – such as the radical liberal Mises Institute, whose ivory towered Social Darwinistic professorial adherents theorize of such a Utopian society – the vast majority of us live in the real world, where taxation upon income, purchases and transactions are a daily part of life.

However, the purpose of this post is not to espouse a particular position, but to inform. Toward that end, it very much appears that for many years, AT&T Mobility has – in violation of applicable federal, state and/or local law(s) – independently taxed Internet service it provided to smartphone owners – such as the iPhone, Blackberry, Palm, etc.

Thus, if you have ever used any AT&T Mobility Internet service – whether you have ever owned a smartphone or not (there are numerous cell phones that can access the Internet, even though they’re not categorized as “smartphones”) – you are a member of a class, and are entitled to a settlement.

For your convenience, there are few questions with answers posted below; and for further reading and details, the link to the website is: ATTMSettlement.com. …Continue…

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