{"id":15212,"date":"2012-08-24T13:05:57","date_gmt":"2012-08-24T17:05:57","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=15212"},"modified":"2012-08-24T13:05:57","modified_gmt":"2012-08-24T17:05:57","slug":"rules-for-thee-but-not-for-me","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=15212","title":{"rendered":"Rules For Thee, But Not For Me"},"content":{"rendered":"

National Review<\/a>‘s The Corner<\/a> posted an article yesterday about Gawker Media<\/a><\/em>, a website that has been very free with its criticism of Mitt Romney<\/a>‘s financial dealings.<\/p>\n

The article reports:<\/p>\n

The gossip site also has released some 950 pages of material related to Mitt Romney\u2019s investments, mostly having to do with Bain Capital<\/a>. In Gawker\u2019s own words: \u201cTogether, they reveal the mind-numbing, maze-like, and deeply opaque complexity with which Romney has handled his $250 million fortune.\u201d<\/strong><\/p>\n

There was nothing illegal (or even interesting) in the material released, but there is more to the story.<\/p>\n

In December 2010, the New Yorker<\/a> reported:<\/p>\n

Gawker is organized like an international money-laundering operation. Much of its international revenues are directed through Hungary, where Denton\u2019s mother hails from, and where some of the firm\u2019s techies are located. But that is only part of it. Recently, Salmon reports, the various Gawker operations\u2014Gawker Media LLC, Gawker Entertainment LLC, Gawker Technology LLC, Gawker Sales LLC\u2014have been restructured to bring them under control of a shell company based in the Cayman Islands<\/a>, Gawker Media Group Inc.<\/strong><\/p>\n

Why would a relatively small media outfit based in Soho choose to incorporate itself in a Caribbean<\/a> locale long favored by insider dealers, drug cartels, hedge funds, and other entities with lots of cash they don\u2019t want to advertise? The question virtually answers itself, but for those unversed in the intricacies of international tax avoidance Salmon spells it out: \u201cThe result is a company where 130 U.S. employees eat up the lion\u2019s share of the the U.S. revenues, resulting in little if any taxable income, while the international income, the franchise value of the brands, and the value of the technology all stays permanently overseas, untouched by the I.R.S.\u201d<\/strong><\/p>\n

\nMaybe the real villain in this story is the IRS.<\/div>\n
\"Enhanced<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

National Review‘s The Corner posted an article yesterday about Gawker Media, a website that has been very free with its criticism of Mitt Romney‘s financial dealings. The article reports: The gossip site also has released some 950 pages of material … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[3147,3803,3802,2729,352,1565,3804],"class_list":["post-15212","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-bain-capital","tag-caribbean","tag-cayman-island","tag-gawker-media","tag-mitt-romney","tag-new-yorker","tag-nick-denton"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/15212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15212"}],"version-history":[{"count":2,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/15212\/revisions"}],"predecessor-version":[{"id":15216,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/15212\/revisions\/15216"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}