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Articles about the work of Randall Smith

'Tax Breaks for Bailout Recipients'
futureofcapitalism.com

The Wall Street Journal takes a look at how the IRS is treating the "tax assets," including operating loss carryforwards, of GM, Citigroup, and AIG. The upshot seems to be that if the government owns you, you can get it to give you a decent deal on taxes.

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Clinton and Yucaipa
smartertimes.com

Sometimes the news is what the Times leaves out. That appears to be the case with a dispatch about what the Times describes as "steep losses" in a "social impact" fund run by the Yucaipa Companies, "the money management fund run by billionaire Ronald Burkle." (At least they didn't describe him as a reclusive billionaire.)

The Times says the fund in question was "started in 2008."

That was a period in which Bill Clinton was involved with the Yucaipa Companies. He reportedly cut his ties to the firm in early 2009, and it's not clear whether he was involved with the "social impact" fund.

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'Tax Breaks for Bailout Recipients'
futureofcapitalism.com

The Wall Street Journal takes a look at how the IRS is treating the "tax assets," including operating loss carryforwards, of GM, Citigroup, and AIG. The upshot seems to be that if the government owns you, you can get it to give you a decent deal on taxes.

Read More...


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Randall Smith

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