3 ms·
The University of Utah deal — laid out in contracts obtained by STAT through a public records request ... Four tax experts who reviewed the contracts at STAT’s
by shawnee_ 10y ago
The University of Utah deal — laid out in contracts obtained by STAT through a public records request ...
Four tax experts who reviewed the contracts at STAT’s request all agreed that the Utah deal was suspicious. Two said it appeared to violate federal tax rules governing certain charitable donations, amounting to indirect self-dealing by Soon-Shiong and his foundations.
This story highlights the imperative need for public-benefit institutions (especially those that use taxpayer dollars) to have their tax records be public. The clampdown on FOIA requests (https://news.ycombinator.com/item?id=13586952 https://news.ycombinator.com/item?id=13586952) and the refusal of a certain whitehouse-dweller to make his own dealings public make me think this scheme might be more pervasive that just this instance. Yeah, it's a high-profile doctor who got busted; however, the people who craft these kinds of schemes tend to replicate their successes across many high-profile clients.
- inetknght 10y agoYes, this exactly.