Bad Penny
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« on: September 10, 2010, 05:23:30 am » |
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Geolib:
Actually, we don't have to agree t disagree on this one: I've handled bankruptcy and divorce cases, and I heard of civil cases versus organized crime figures (with particular attention to the late Mr. Raymond Loreda Salvatore Patriarca, who spent the 1930's as a local small-time crook in my area while his family grew inexplicably rich (including his brother's apple orchard which is now a major toxic clean-up site), and the late Mr. Frank Peter Balistrieri, who, with a couple of years of law school under his belt, became a master of setting of front men to purchase Las Vagas casinos with his money (as Balistrieri himself had been banned from business dealings with casinos)), which show how interests in realty can be concealed by individuals, and just as easily by corporations using the corporate veil and a shell0game of subsidiary corporations owned by partnerships and individuals acting at the behest of unscrupulous corporations. That's why I say, for corporations, income taxation, and LIMITED LIFESPAN (say, 50 years).
Waddya tink?
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Edit:
I have NOT, in the course of my legal practice, nor in any other activity in which I've engaged in my life, EVER concealed nor assisted in the concealment nor advocated nor encouraged nor counseled the concealment of any assets from any court of law, taxation agency, nor any other official body of any nature whatsoever, whether or not duly constituted in my professional and/or political opinion.
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