And of course, when that legislation, the Gila Bend Reservation Lands Replacement Act, there was no Indian gaming at the time.
Mohave County is perplexed by this revisionist history, and is concerned by its intent.
Well, thank you, Mr. Chairman, and one of the aspects of my term and tour here in the U.S.
Now, is Renaissance one of the most successful of all hedge funds because of this?
A 1-percent audit rate for an increasingly large segment of our economy just invites the most aggressive behavior.
So, Mr. Rosenthal, we are really talking about de facto tax avoidance here. Is that correct?
That is not exactly a deterrent to misbehavior.
This is a hedge fund?
But the question here is: Are they paying their taxes that would be appropriate for the transactions they are engaged in?
That is not what has happened here.
I think they serve a valuable commercial purpose.