@JPB,
Thank you for the shout-out. Nobody said much about it then.
http://able2know.org/topic/195760-7#post-5079874
Sozobe: The deal is this: Under the OVDI (Offshore Voluntary Disclosure Initiative) you have a choice, it's a Hobson's choice but too bad. You admit that you've been hiding funds from the IRS, you pay the back taxes and a reduced (or no) penalty,,,,,, all without admitting guilt.
(I love rich people's justice. "The corporations, without admitting any liability, will pay an estimated blah-blah dollars... . We would go to jail)
In 2009, they, the IRS, already knows your name and how much you've stashed so you have to fess up AND pay the taxes due on the earnings the funds make thereafter.
OR
be prosecuted..... no one is going to do that.
Here's what interesting to me. IF Romney applied for and got an OVDI in 2009, those funds would then have to appear on his financial disclosure forms and there would a kind of Pig in the Boa Constrictor bump for everyone to see AND we would see that he had avoided being prosecuted for committing a felony taking the OVDI.
Or,,,,,we wouldn't. It is possible that the IRS offered him a deal where the money would show up but no forms alluding to the OVDI would have to be part of his tax return. Just an oops, here's about $45 million dollars I found I put in my other pants pocket. Duh.
Joe(and, omigosh, here's a fistful of blood diamonds.)Nation