Daily Archives: September 5, 2016

FBI: Gen. Petraeus Crossed Out ‘Classified’ Mark On Hillary Clinton Meeting Document

 

Law Newz:

Newly released documents from the FBI reveal that former CIA director Gen. David Petraeus admitted to “crossing out” a classification marking in a document concerning a meeting that he had with then Secretary of State Hillary Clinton.

These new files were actually released on August 26th, exactly one week before the FBI released the Clinton email investigationsummary and interview notes, but, so far, have not received much media attention at all.  Like the Clinton documents, the Bureau put the Petraeus files up at The Vault, the website which the agency uses to house its most popular case files.

ITT Tech Might Be Shutting Down, Like, Today

We shall see if ITT will be another for profit college to shut down completely..

Gizmodo:

ITT Technical Institute might be closing down for good.

Today, we received a tip from someone whose wife works for ITT. They said this morning “she and everyone else on staff—including the school director—got a mysterious direct deposit to their bank accounts for their full normal pay.”

It’s an off-week from normal payday, so this struck the couple as a little bit odd. But that’s not the only reason. The tipster also said, “There was also an additional amount above her normal pay which we suspect is her PTO pay out.”

“ITT Tech hands out portable hard drives to the students, for them to use for their homework and take to the computer lab,” the individual said. “Today, the administration has actually given them to the office workers—like student advisors and financial aid—so they could take home personal documents.”

The tip comes following a string of events that that appear to have crippled the for-profit college. Earlier this week, we reported ITT Tech stopped enrolling students at all of its campuses. The decision came after the US Department of Education handed down a series of sanctions against the company, the most damning of which prevented it from admitting students who rely on federal aid to pay for tuition.

ITT Tech has been widely criticized for accepting billions of dollars in governments grants and loans while failing to provide adequate job training for its students. ITT Tech received an estimated $580 million in federal money(aka your taxpayer dollars) just last year, according to the Department of Education. The company has been criticized because it leaves many students saddled with huge debts and no technical skills. A recent report from The Atlantic revealed “students pursuing bachelor’s and associate’s degrees at for-profit colleges saw their earnings drop, compared to before they started the program.”

Tax records reveal Donald Trump donated $100,000 to the Clinton Foundation

And now Trump says that the Clinton Foundation is a “criminal enterprise” that should be shut down entirely.

As Chris Sanchez with Business Insider reports:

Despite his recent criticism of the Clinton Foundation, Donald Trump apparently donated at least $100,000 to the organization, according to a 2009 tax document circulated online Tuesday night and foundation records.

The Clinton Foundation’s website shows “Donald J. Trump” under a list of individuals and organizations that donated between $100,000 and $250,000 to the foundation.

The foundation recently came under fire after Trump accused his Democratic rival, Hillary Clinton, of running a “pay-to-play scheme” during her time as secretary of state that allegedly awarded donors with special treatment.

Despite Hillary Clinton going on the record and denouncing any accusations of misconduct, Trump has called for an independent investigation into the matter in addition to demanding that the foundation be shut down entirely.

The Big Lie About Donald Trump’s Tax Returns

If you want the truth, listen to his accountants.

Thinkprogress:

Hillary Clinton has 15 years of tax returns available for download online.

It’s worth noting that the existence of an audit, according to the IRS, does not preclude the release of tax returns. In fact, it actually makes the release of returns less risky. The primary issue with making your tax returns public is triggering an audit. Trump doesn’t have to be worried about that.

But there is a bigger problem with the Trump campaign’s argument that all his returns are under audit: It’s not true.

The truth is disclosed in a letter from his accountants that was published to the Trump campaign website in March. It reveals that Trump’s returns from 2008 and prior are not under audit and have been “administratively closed” by the IRS.

 

So when Trump and his campaign staff say they are not releasing his taxes because they are under audit, that’s not true. None of his taxes from 2008 or prior are currently under audit, and yet Trump still hasn’t released those returns.

It’s also worth noting that nothing in the letter from his accountants advises him not to release his tax returns.

Trump’s tax advisers do note that in a “sense” the “pending examinations are continuations of prior, closed examinations.” But this fiction would justify perpetual non-disclosure of Trump’s returns.

Trump, apparently, is audited every year. He is currently arguing that the audit of his 2015 return precludes the release of his 2002 return, even though it is not under audit. Under this theory, even if the 2015 audit is closed, his upcoming 2016 audit would preclude the release of all his returns from 2002 to present.

Trump has also not addressed at all why he’s not releasing returns prior to 2002.

Panama Papers: Federal Board of Revenue (FBR) moves against ‘owners’ of offshore companies

ISLAMABAD: 

Tax authorities have started sending letters to over 600 Pakistanis, who, according to the Panama Papers, own offshore companies, though chances of recovering due taxes from them are slim owing to legal lacunae.

“This week, the Federal Board of Revenue (FBR) has begun the process of sending letters to hundreds of Pakistanis who have been named in the Panama Papers,” said FBR spokesperson Dr Mohammad Iqbal on Saturday.

“These people have been requested to confirm whether they own these offshore companies or not,” he added. The letters have been sent under Section 176 of the Income Tax Ordinance, which empowers tax officials to seek information about any transaction. However, the penalty for not giving information under Section 176 is mere Rs25,000.

The decision to send notices to about 600 Pakistanis coincided with Pakistan Tahreek-e-Insaf’s ‘Pakistan March’ against the government over alleged corruption and delay in taking action against those who have been named in the Panama Papers.

Read on.