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Leid Stories—What’s Your Plan for the Chaos Ahead? A Q&A Session with Charles Ortel—07.13.17

Charles Ortel is a former Wall Street investment banker who specialized in corporate mergers and acquisitions. He is credited with strengthening regulations and penalties against companies engaging fraud. After retiring, he has concentrated on fraud within the world of so-called charitable  organizations. The Bill, Hillary and Chelsea Clinton Foundation occupying his attention for almost three years.   Download this episode …

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Exxon and ALEC Running Illegal Lobbying Scheme, Watchdog Groups Charge in IRS Complaint

ExxonMobil and the American Legislative Exchange Council (ALEC) are running an illegal scheme to promote the oil giant’s climate denial policies and legislative agenda in violation of U.S. tax law governing charitable organizations, the Center for Media Democracy (CMD) and Common Cause charged today. In a new filing to the IRS – adding to an active investigation prompted by a …

Walmart

Walmart Accused Of Using Its Charitable Foundation To Build More Walmarts By Chris Morran

There are more than 4,500 Walmart stores in the U.S., but the nation’s largest retailer continues to expand. The company, once associated with rural communities, has recently made pushes into urban markets. And a new complaint to the IRS accuses Walmart of wrongfully using its tax-exempt Walmart Foundation charity to get a foothold in those cities. In a lengthy and …

estate tax

From Class to Caste: How Congress Is Set to Accelerate Inequality by Repealing the Estate Tax – Scott Klinger

This week the Republican-controlled House of Representatives plans to pass legislation that would accelerate inequality ensuring today’s merely wealthy become tomorrow’s obscenely rich. Those who want to repeal the estate tax have labeled it “the death tax,” but they couldn’t be further from the truth. More than 99.8 percent of Americans who inherit money or property from a loved one get a …