Sunday, October 2, 2016

I PAID ALL THE TAXES THAT MY COMPANIES AND I ARE LEGALLY REQUIRED TO PAY

Trump Campaign: New York Times Illegally Obtained Tax Records

Donald Trump’s presidential campaign is accusing the New York Times of participating in illegal behavior after the newspaper published some of his tax records on Saturday night.

NOW FOR THE RUB ... THE MEXICAN CONNECTION ... WHOA PARTNER!

Carlos Slim More Than Doubles His Stake in Times Company ... 

The Mexican billionaire Carlos Slim Helú has more than doubled his stake in The New York Times Company, to nearly 17 percent, the company said on Wednesday.
His monopoly is so dominant that it cost Mexicans an extra $13 billion a year between 2005 and 2009, according to the Organization for Economic Cooperation and Development. Still, his wealth, armies of lawyers and government connections kept him a step ahead of weak regulators, former officials say.
Mr. Slim exercised warrants to acquire nearly 16 million shares of the company’s Class A stock at a price of over $6.36 a share, the company said, increasing his stake from 7 percent. He now owns nearly 28 million shares in total.

The company received more than $100 million in the transaction, it said, which it intends to use to repurchase Class A shares — a different category from the controlling Class B shares held by the Sulzberger family.

ALTUISTIC AT ONLY 14% INTEREST
Mr. Slim, who made his money in telecommunications across Latin America, is one of the world’s richest people, worth about $72 billion, according to Forbes. He lent the Times Company $250 million, at an interest rate of 14 percent, in 2009; at the time, with the world economy struggling and credit tight, the company looked to be in peril. The loan was repaid in 2011, more than three years before it was due. But the warrants, which expired this month, were issued in connection with that deal.
“The option is a lower price,” Mr. Slim said in an interview with Reuters last July. “I’m sure we should exercise the option, but we look at it like a financial investment that has been very good.”

The company’s shares ended trading on Wednesday at $12.28.

The Times Company’s chief executive, Mark Thompson, said in a statement that a repurchasing of shares was the best use of the cash from Mr. Slim.

“We believe it is in the best interests of the company to continue to maintain a conservative balance sheet, and a prudent view on the allocation of free cash flow,” he said, “and this one-off repurchase program should not be viewed as a change of position about our capital allocation plans.”

The company recently completed a round of buyouts and layoffs in the newsroom of The New York Times after a year of tumult. Last May, Jill Abramson was dismissed as executive editor and replaced with her deputy, Dean Baquet.

New ventures like iPhone apps failed to generate significant immediate revenue. Though its digital subscriptions have grown, The Times has been scrambling to make up for the declines in lucrative print advertising that have rocked traditional news organizations as online outlets, and social media, have proliferated.

In a call with analysts late last year, Mr. Thompson said the new products reflected a desire to be “unashamedly experimental and willing to adapt.” The chief financial officer, James M. Follo, said the company was “still in the early stages of a multiyear transformation.”

Since taking over the newsroom leadership, Mr. Baquet has invested in an audience development team with the aim of broadening the reach of Times journalism.

A BRILLANT USE OF U.S. TAX LAWS
“The only news here is that the more than 20-year-old alleged tax document was illegally obtained, a further demonstration that the New York Times, like establishment media in general, is an extension of the Clinton campaign, the Democratic Party and their global special interests,” the campaign said in a statement.
I CAN GET ALONG WITH PUTIN BETTER THAN HILLARY
CARLOS SLIM HELU ... AND INTERNATIONAL INTERFERENCE IN PRESIDENTIAL CAMPAIGN ... 
On Saturday evening, the New York Times — which recently endorsed Hillary Clinton for president —  published three pages of Trump’s 1995 income tax documents.
“The pages were mailed last month to Susanne Craig, a reporter at The Times who has written about Mr. Trump’s finances,” the paper explained in the story. “The documents were the first page of a New York State resident income tax return, the first page of a New Jersey nonresident tax return and the first page of a Connecticut nonresident tax return.”
The newspaper wrote in its story that Marc E. Kasowitz threatened “prompt initiation of appropriate legal action” against the Times if they published the records because Trump did not give permission for the records to be disclosed.

The takeaway from the Times’ story is that Trump “declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years.”

The campaign of Democratic nominee Hillary Clinton — which has been pushing Trump to release his tax returns — celebrated the news story.

“There it is,” Clinton campaign manager Robby Mook said. “This bombshell report reveals the colossal nature of Donald Trump’s past business failures and just how long he may have avoided paying any federal income taxes whatsoever.”

I USE THE SAME TAX LAWS AS APPLE, GOOGLE, KOCH BROTHERS, AND THE CLINTON FOUNDATION, ETC. IF YOU DON'T LIKE THE TAX LAWS WHY THEN DID YOU LOBBY AND VOTE FOR THEM!?

Trump’s campaign said in a statement that the candidate is “a highly-skilled businessman who has a fiduciary responsibility to his business, his family and his employees to pay no more tax than legally required.”

“That being said, Mr. Trump has paid hundreds of millions of dollars in property taxes, sales and excise taxes, real estate taxes, city taxes, state taxes, employee taxes and federal taxes, along with very substantial charitable contributions,” the campaign said. “Mr. Trump knows the tax code far better than anyone who has ever run for president and he is the only one that knows how to fix it.”

NOW CONSIDER THIS ...