dahur Posted August 18, 2016 Share Posted August 18, 2016 Chris Christie let Trump settle $30 million in NJ casino debts for just $5 million: NYT ARTURO GARCIA16 AUG 2016 AT 23:34 ET Share toFacebookShare toTwitterMore AddThis Share optionsMore Clinton leads Trump by six points in latest Reuters/Ipsos poll 00:1401:01 Chris Christie and Donald Trump DON'T MISS STORIES. FOLLOW RAW STORY! Just over a year after becoming governor of New Jersey, Chris Christie and his administration accepted a deal worth 17 cents on the dollar to settle Donald Trump’s casino tax debts in the state, the New York Times reported. Trump’s casinos had rolled up $30 million in debt by the time Christie took office in January 2010, and attorneys for the state had accused his company of misrepresenting its payments to state officials. According to the Times, the casinos paid no taxes at all between 2002 and 2006. But in November 2011, the state agreed to a $5 million settlement, cutting Trump’s debt by 83 percent. “You can’t tell whether there’s something problematic,” said bankruptcy law professor David Skeel. “But it’s pretty striking that this one was written down so much.” The court battle between the state and Trump prior to Christie’s election hinged on a corporate tax called the alternative minimum assessment, which the Times described was implemented to “prevent businesses from avoiding taxes through accounting maneuvers.” Trump’s businesses then decided the tax did not apply to them because they were partnerships, and subsequently filed for bankruptcy for the third time in 2004. The casinos filed a fourth bankruptcy claim in 2009, by which time its debt had risen to $29 million. Later in his administration, Christie’s chief counsel, Christopher Porrino, agreed to a $250 million settlement with Exxon Oil to settle an 11-year legal battle over the company’s contamination of more than 1,500 acres of wetlands. The state originally sought $8.9 billion, meaning the settlement was also worth pennies on the dollar. http://www.rawstory.com/2016/08/chris-christie-let-trump-settle-30-million-in-nj-casino-debts-for-just-5-million-nyt/ Nothing like a little good ole boy quid pro quo Quote Link to comment Share on other sites More sharing options...
Isabel Posted August 18, 2016 Share Posted August 18, 2016 Of course. Christie has been a typically corrupt, thieving con since he first waddled his way into office. Nothing like using public monies to buy yourself political favors. Fuck the state and the public, rape the Treasury for him and his friends. Quote Link to comment Share on other sites More sharing options...
neue regel Posted August 18, 2016 Share Posted August 18, 2016 "Tax authorities sometimes settle for lesser amounts to avoid the costs and risks of further litigation, legal experts said, but the steep discount granted to the Trump casinos and the relationship between the two men raise inevitable questions about special treatment." Special favors and calling off the judicial dogs IS quite troubling. We don't need someone in office playing by a different set of rules than the rest of us. Nothing like using public monies to buy yourself political favors. Fuck the state and the public, rape the Treasury for him and his friends. Indeed Quote Link to comment Share on other sites More sharing options...
eclectic skeptic Posted August 18, 2016 Share Posted August 18, 2016 "Tax authorities sometimes settle for lesser amounts to avoid the costs and risks of further litigation, legal experts said, but the steep discount granted to the Trump casinos and the relationship between the two men raise inevitable questions about special treatment." Special favors and calling off the judicial dogs IS quite troubling. We don't need someone in office playing by a different set of rules than the rest of us. Indeed Note that this joker cut off Izzy's line:" Of course. Christie has been a typically corrupt, thieving con since he first waddled his way into office." He couldn't bring himself to even be involved with putting down a republican. Lmao. That's was sooooooo Neue. Quote Link to comment Share on other sites More sharing options...
neue regel Posted August 19, 2016 Share Posted August 19, 2016 Note that this joker cut off Izzy's line:" Of course. Christie has been a typically corrupt, thieving con since he first waddled his way into office." He couldn't bring himself to even be involved with putting down a republican. Lmao. That's was sooooooo Neue. I very often quote the exact part of a quote to which I'm replying so it's very understandable to what my comment refers. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.