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The profit CEO Heather Bresch told Congress about was calculated after factoring in the 37.5% U.S. tax rate, according to a filing with the Securities and Excha
by helloworld 10y ago
The profit CEO Heather Bresch told Congress about was calculated after factoring in the 37.5% U.S. tax rate, according to a filing with the Securities and Exchange Commission first reported by the Wall Street Journal. That tax rate is more than five times the overall tax rate the company actually paid last year and is much higher than its actual U.S. tax rate, which tax specialists have pegged at close to zero.
Is Bresch now at risk of prosecution for making false or misleading statements in her Congressional testimony?[1]
[1] http://www.cnbc.com/2016/07/07/what-happens-if-you-lie-to-congress.html http://www.cnbc.com/2016/07/07/what-happens-if-you-lie-to-co...
- MrZongle2 10y agoI wouldn't hold my breath. Bresch is the daughter of a senator. America's Ruling Class is held to a different standard than you or I.
- mevile 10y agoOn the contrary, the FBI would love to prosecute a senator or their family.
- errantspark 10y agoCan you back this claim up with some evidence?
- cafard 10y agoI suspect a hint at the Clintons. I have no evidence for the hint or the desire.
- MrZongle2 10y ago"This is complete bullshit. The FBI would love to prosecute a senator or their family" Citation needed. Do you work for the FBI?
- dragonwriter 10y ago> the FBI would love to prosecute a senator or their family. The FBI doesn't prosecute anybody. US Attorneys do that.
- Animats 10y agoThere have been only six successful prosecutions for lying to Congress in the 60 years up to 2006.[1] One from the Red Scare, two from Watergate, two federal employees who lied about dealings with suppliers, and one involving the CEO of an insurer who filed false financial statements. Congress can do this if it wants to, but seldom bothers. [1] https://www.qu.edu/prebuilt/pdf/SchoolLaw/LawReviewLibrary/24_25QLR547(2006-2007).pdf https://www.qu.edu/prebuilt/pdf/SchoolLaw/LawReviewLibrary/2...
- rayiner 10y agoDon't lie to Congress. That said, I'm not too torn up about the lack of prosecution. Congressional hearings are just a circus when they involve highly political issues. Most of the time, the "questioning" is editorialization, and Congress-critters use hearings as an opportunity to generate soundbites and score political points. Nobody is interested in the truth. I don't see any reason to dignify such hearings by treating them like court proceedings.