General Discussion
In reply to the discussion: The Party's Over! Bain Capital Under Investigation For Tax Evasion [View all]Major Nikon
(36,827 posts)If anything he'll just wind up paying back taxes and penalties and maybe not even that depending on where he is on the statute of limitations. You only go to jail if the government can prove the evasion was intentional. The tactics that Bain used were being used by lots of corporations before the IRS finally ruled on it. All they have to say is that they didn't know it was wrong until the IRS challenged the practice.
However, if he is ever compelled to release his returns the evasion will be revealed and Willard will have a lot of splainin' to do. That's why I suspected he wasn't releasing them all along. That's also why Willard sent his wife out to make the claim that they did nothing wrong. That way Willard isn't on tape making a claim he damn sure knows is false. He knows his wife can just act stupid so well you would be hard pressed to believe it was an act.