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(Bloomberg)   You might have noticed Mitt Romney skipped Italy on his big "I love Europe" tour. You'll never guess why. Hint: It involves Bain Capital, privatization, and tax dodging   (bloomberg.com) divider line 17
    More: Obvious, Mitt Romney, Italy, Europe, Politics of Italy, document review, leveraged buyouts, Mario Draghi, La Repubblica  
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6433 clicks; posted to Politics » on 06 Aug 2012 at 3:48 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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Archived thread
2012-08-06 02:52:53 PM
5 votes:
The TLDR version for the Ritalin dependant among us:

The Italian government was selling off the state owned Yellow pages business. Bain bought 60% of it in 1997 for about 800 Million Euros, then in that special way they seem to have, turned around and re-sold it back to the Italian Telephone company for about 16 BILLLION Euros, or 25x what they paid for it in early 2000 (and more that all the entire acquiring company is worth today). This screamingly high price could possibly be explained by either a) the Internet Bubble or b) the fact that some very power Italian government types had shares in the company. Either way, the important thing for our purposes is that B&Co, and Romney (who may have earned $50 mil personally on the deal) appear to have paid no taxes in the US or Italy on the windfall profits.
2012-08-06 01:48:47 PM
5 votes:
So the Republicans want us to elect a guy who can't even go to an allied country because of the financial shenanigans in his past? Wow. Just, wow.
2012-08-06 04:47:22 PM
2 votes:
international criminal
2012-08-06 04:40:28 PM
2 votes:
Italians are known for practicing extreme tax evasion, so, you can either view this as ironic or that Romney really farked them over.

/I'm amused
//Not a knock against Italians
///Met some great people over there
2012-08-06 04:29:11 PM
2 votes:

Debeo Summa Credo: Italians sound like whiners in TFA:

"waaaaah, we sold you an asset too cheaply, then overpaid you when we bought it back!!! No fair!!"

As usual, sounds like Bain did nothing wrong except make a savvy business deal.


Profit justifies everything when the only value you believe in is money.
2012-08-06 03:58:05 PM
2 votes:

Debeo Summa Credo: Italians sound like whiners in TFA:

"waaaaah, we sold you an asset too cheaply, then overpaid you when we bought it back!!! No fair!!"

As usual, sounds like Bain did nothing wrong except make a savvy business deal.


Exactly. It's not a crime if Government officials with a financial stake in your deal are helping you do it.
2012-08-06 05:28:50 PM
1 votes:

lennavan: randomjsa: You might have noticed that Romney skipped 90% of the countries in Europe on his tour. It might have something to do with being busy and not having time to do more.

And quite frankly, I don't really give a damn what most of Europe thinks anyway.

And if you live in Europe, I fully expect you not to give a damn what most of America thinks of you.

I just want people to know, Mitt Romney did actually skip around 90% of the countries in Europe. I do believe today is the first day in Fark.com history randomjsa utilized an actual fact in one of his arguments and indeed, it was persuasive.

Mark it down fellas, it won't happen again.


As Lyle Lovett once said in a different context as his grandfather told him-- "Even a blind chicken finds a few grains of corn now and then." Which at the time was one of the smarter things and also one of the dumbest things at the same time.
2012-08-06 04:38:46 PM
1 votes:

Debeo Summa Credo: And romney, to the extent he personally profited from the deal, would have paid taxes in the US. TFA mentions nothing about taxation of Romneys comp or profits related to this transaction.


I know. It's a pity there is no way to ever get to the bottom of what Romney paid in US taxes, because if there were, he could just shut these libs up.

And then think how much egg would be on their faces!
2012-08-06 04:29:35 PM
1 votes:
ComicBookGuy: Ed Finnerty: And we're supposed to take this campaign seriously because...

..voter suppression and dirty tricks.


Oh, and Citizen's United.
2012-08-06 04:29:00 PM
1 votes:
Ed Finnerty: And we're supposed to take this campaign seriously because...

..voter suppression and dirty tricks.
2012-08-06 04:18:52 PM
1 votes:

Monkeyhouse Zendo: qorkfiend: He'll be completely different if we elect him. He won't break into our houses at night and wreck up the place, or sell our children's organs to zoos for meat.

I rarely laugh out loud when reading things on the internet but the organ meat thing got me, well done.


Totally stolen from Futurama ^_^
2012-08-06 04:18:07 PM
1 votes:

qorkfiend: He'll be completely different if we elect him. He won't break into our houses at night and wreck up the place, or sell our children's organs to zoos for meat.


I rarely laugh out loud when reading things on the internet but the organ meat thing got me, well done.
2012-08-06 04:14:32 PM
1 votes:

SurfaceTension: So the Republicans want us to elect a guy who can't even go to an allied country because of the financial shenanigans in his past? Wow. Just, wow.

2012-08-06 04:12:01 PM
1 votes:
i208.photobucket.com

outsourcing American jobs for profit and keeping the loot in foreign banks is the American Way!
2012-08-06 04:07:40 PM
1 votes:
What a coward. What a shiat-licking, groveling sycophant.
2012-08-06 04:03:22 PM
1 votes:

Debeo Summa Credo: Italians sound like whiners in TFA:

"waaaaah, we sold you an asset too cheaply, then overpaid you when we bought it back!!! No fair!!"

As usual, sounds like Bain did nothing wrong except make a savvy business deal.


Exactly, evading taxes isn't wrong if you're savvy.
2012-08-06 04:02:46 PM
1 votes:
[Ominous Voiceover, see if we can get NICK TATE]: Mitt Romney wants to represent America to the world. He expects that he can negotiate peace treaties all over the world, but because of Mitt Romney's shady dealings, there are some countries that he's not even allowed to set foot in...

[This shiat just writes itself]
 
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