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2018-01-10 11:28 by Karl Denninger
in Flash , 241 references Ignore this thread
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Oh cry me a ****ing river.

Newman's Own, the popular purveyor of philanthropic pasta sauce, will be forced to put itself up for sale or pay crushing fines this year due to an obscure provision in the tax code.

The household brand is facing a tax bill of up to 200 percent on the majority of its business — a penalty so steep company executives say it would effectively put them out of business. The only alternative, they say, is for the private foundation established by the late Hollywood legend Paul Newman to relinquish control of the company that bears his name.

The brand is facing said fine because it cheated the tax laws on a knowing and intentional basis and, knowing this and spending its time on lobbying to try to get what it was doing made retroactively legal (it had 5 years) it is now running out of time.

The people who run this outrageous scam should all be in prison for running this crap.

Oh, and their scam has spawned imitators -- all of whom should join these people in prison.

**** you Newman's; may you be destroyed for this outrageous and intentional scheme.

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