Showing posts with label Koch Industries. Show all posts
Showing posts with label Koch Industries. Show all posts

September 22, 2010

Nice To Be Noticed

At about 11 this morning, someone from Koch Industries (or at least someone surfing the internet from a Koch server) took a look at this post.

The important data:
Referrer: No referring link
Host Name: extcf01.kochind.com
IP Address: 146.209.130.1
Country: United States
Region: Kansas
City: Wichita
ISP: Koch Industries
Ah...nice to be noticed.

Another Dissipating "Scandal" At The Trib

From today's Tribune-Review, there's an editorial that begins with this breathless question:
In its zeal to smear its critics, has the Obama administration committed a crime?
As with much on Scaife's editorial page, once you look at the facts you immediately see the skewed frame his braintrust doesn't want you to see. The editorial is about Charles and David Koch "libertarian billionaires" and the vast right-wing network they fund. The kernel of the issue:
But as The Weekly Standard magazine reports, lawyer Mark Holden says the administration might have crossed the line by revealing what's supposed to be private tax information about Koch Industries. He cites an Aug. 27 on-the-record background briefing by an unnamed senior Obama administration official that cited particulars of Koch's taxes.
Here is the Weekly Standard article for y'inz to peruse. And according to that article, this is what Koch attorney Holden said that senior Administration official said in that on-the-record briefing::
So in this country we have partnerships, we have S corps, we have LLCs, we have a series of entities that do not pay corporate income tax. Some of which are really giant firms, you know Koch Industries is a multibillion dollar businesses. So that creates a narrower base because we've literally got something like 50 percent of the business income in the U.S. is going to businesses that don't pay any corporate income tax. They point out [in the report] you could review the boundary between corporate and non-corporate taxation as a way to broaden the base. [emphasis in original]
Look again at the braintrust's first rhetorical question: Has the Obama Administration committed a crime?Curious thing about that because in the same Weekly Standard piece, Koch Industries attorney Holden is also quoted with this:
I’m not accusing any one of any illegal conduct. But it’s my understanding that under federal law, tax information, is confidential and it’s not to be disclosed or obtained by individuals except under limited circumstances. ... I don’t know what [the senior administration official] was referring to. I'm not sure what he's saying. I'm not sure what information he has. But if he got this information--confidential tax information--under the internal revenue code ... if he obtained it in a way that was inappropriate, that would be unlawful. But I don't know that that's the case.
Holden isn't accusing anyone of any illegal conduct, but the Trib certainly is. You do know that that's what they're doing, right? They're just hiding behind a series of leading questions. Questions like:
If so, who's behind what would clearly be an illegal act? Who in the Obama administration ordered the information? Who at the IRS provided it? And if the Obama White House crossed the line with Koch Industries, has it done the same with others? How many others?

Well? [emphasis in original]
Only there's no there there.

Ben Smith at the Politico reports that another administration official said that:
..the White House got the information from testimony before the the President's Economic Recovery Advisory Board (PERAB) and from Koch's own website
This official is then quoted as saying:
No senior administration officials have any access to anyone's tax returns--individual or business. The administration official was discussing the section of the PERAB's tax report that argued we should look at the rising importance of pass through entities that do not pay corporate income tax.

This issue was raised repeatedly by outside experts that testified before the PERAB and Koch was cited to the PERAB as an example by outside commenters to the group. We assume it came up from publicly available information such as the Forbes magazine annual report listing Koch as one of the largest private companies in the nation or the fact that a high fraction of the largest companies within Koch Industries are listed on the Koch website as LLCs, LPs or other frequent pass-through entities. If this information is incorrect, we are happy to revise statements.

But the administration still believes it is worth reading the PERAB's independent tax report which raised the issue of the large amount of business activity being done by sometimes very large businesses which is not paying corporate income tax but competes against other companies that do.
You can find the PERAB report here.

But let's get back to the issue at hand. Koch Industries tax information is listed on its own website?? Yes, it is. If you go to this page, you'll see a list of Koch Industries industries. At the end of each there's an "LLC" or an "LP" or something like it. LLC means "Limited Liability Company" and it's a "pass-through" organization that doesn't pay taxes. The profits or losses are "passed through" to the owners of the company to be listed on their individual tax returns.

So look again at the Trib's fervent rhetorical questions. How silly do they look now?

There is no there there. Again.