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Eldorado

Texas billionaire hid $2b from the tax man

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Eldorado

Houston technology executive Robert Brockman has been charged in the biggest tax evasion case in U.S. history after fellow billionaire Robert Smith turned against him to avoid prosecution himself, the Justice Department said on Thursday.

Brockman, the 79-year-old chief executive of Ohio-based Reynolds and Reynolds Co, hid $2 billion in income from the Internal Revenue Service over two decades, using a web of off-shore companies in Bermuda and St. Kitts and Nevis, according to an indictment unsealed on Thursday.

Full report at Reuters: Link

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Aroundthecorner

If we could do it we would, we do but with twenty bucks as a gamble 

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Tatetopa
9 hours ago, Aroundthecorner said:

If we could do it we would, we do but with twenty bucks as a gamble 

You would no doubt.

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South Alabam

At a 35% tax rate average over 2 decades that is $700,000,000 in owed taxes, not to mention fines and penalties as well as earned interest on all of it. So he might have to pay around 1 Billion back. Oh well.

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Sir Wearer of Hats
1 hour ago, South Alabam said:

At a 35% tax rate average over 2 decades that is $700,000,000 in owed taxes, not to mention fines and penalties as well as earned interest on all of it. So he might have to pay around 1 Billion back. Oh well.

Please.

He’ll get a slap on the wrist and be told “don’t be naughty in the future”.

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Aroundthecorner
8 hours ago, Tatetopa said:

You would no doubt.

I dont pay any tax, you work it out.

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Sir Wearer of Hats
2 hours ago, Aroundthecorner said:

I dont pay any tax, you work it out.

DONALD!

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Aroundthecorner
9 minutes ago, Sir Wearer of Hats said:

DONALD!

Try again

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Sir Wearer of Hats
24 minutes ago, Aroundthecorner said:

Try again

Bill?

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Aroundthecorner
2 hours ago, Sir Wearer of Hats said:

Bill?

Plenty dollars yes

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