What a craptacular day. Hot, humid, I had to work late, then had to dodge thunderstorms.
WE GOT OURS, BWAAHAHAHAHA !
In a practice now criticized by the White House and the Republicans, pResident Evil and Dick "Chicanery" Cheney served in leadership positions at companies that set up subsidiaries in offshore tax havens, according to documents and an analysis of company records released Wednesday.
The White House, in response to a wave of accounting scandals at major U.S. corporations, is all of a sudden railing against the practice of setting up subsidiaries in tax havens like the Cayman Islands and Bermuda to sidestep disclosure rules and avoid paying U.S. taxes, after refusing to put a stop to it a year or so ago. Right now Kenny-Boy Lay is thinking "Yeah, Georgie! Thanx, dude!"
"We ought to look at people who are trying to avoid U.S. taxes," Snippy the Chimp said. "I mean, people who are doing it now, not back when Unca Dick and I were CEOs."
While Bunnypants served on Harken Energy's board of directors in 1989, the company set up an offshore subsidiary in the Cayman Islands, the White House acknowledged. But unbelievably, WH spokes-tool Ari "the Liar" Fleischer denied it was a scheme to avoid paying taxes in the United States.
"If it is true, I think it gets harder and harder to take his position on corporate accountability seriously," Senate Democratic leader Tom "Isadora" Daschle said while readjusting his pink tutu. "Now if you'll excuse me, I'm late for my plie' lesson."
Halliburton, which Cheney ran before becoming vice president, was even more aggressive in its use of offshore tax havens, according to an analysis of company filings with the SEC by Citizen Works, a nonpartisan group founded by consumer advocate Ralph Nader. The number of Halliburton subsidiaries incorporated in offshore tax havens rose from 9 to 44 while Cheney served as chief executive between 1995 and 2000, the group said. - From CNN.com.
August 1, 2002
Posted by maru at 8/01/2002 08:40:00 PM
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