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Vringo, Inc. Message Board

  • skistriad skistriad Nov 5, 2012 8:25 PM Flag

    Sad truth is Romney history

    ROMNEY’S FORMER COMPANY UNDER INVESTIGATION FOR TAX EVASION | Bain Capital, the private equity firm founded by presidential candidate Mitt Romney, is under investigation for questionable tax practices, according to the New York Times. Since July, New York Attorney General Eric Schneiderman has been issuing subpoenas to private equity firms including Bain, which he believes intentionally changed management fees into capital gains as a way of hanging onto millions of dollars that would have otherwise been taxed at a higher rate. Bain alone is estimated to have saved “more than $200 million in federal income taxes and more than $20 million in Medicare taxes.”

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