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The Internal Revenue Service urged a bankruptcy judge to reject solar panel maker Solyndra LLC’s bankruptcy plan Wednesday, saying it amounts to little more than an avenue for owners of an empty corporate shell to avoid paying taxes.

“The undeniable conclusion is that tax benefits drive this plan,” attorneys for the IRS wrote in a bankruptcy pleading.

Read more: IRS says 'tax avoidance' at heart of Solyndra bankruptcy plan - Washington Times
Follow us: @washtimes on Twitter


heh heh....and who is solyndra's biggest backer and owner of the 'shell corporation' that is seeking to retain all of the operating losses (750 million dollars) and use them to offset their own future taxes?


"The only reason for the shell corporation to exist post-confirmation is to enable its owners to exploit these tax attributes, which would be lost in liquidation,” the IRS argued in court papers.

One owner valued the so-called tax attributes at $150 million,

Under Solyndra’s reorganization plan, two big investors in the company, Madrone Partners LP and Argonaut Ventures, together would own nearly all of a shell company formed in the wake of Solyndra’s bankruptcy reorganization.

Argonaut is the investment arm of a family foundation headed by Oklahoma businessman George Kaiser, a fundraiser for Barack Obama’s 2008 presidential campaign


Yepper.....a giant bundler/contributor to Obama!.....

First they rip off the taxpayer...for billions....

then worse...the rip of the tax payer a second time.

Obama's friends, bundlers and greenie 'buddies'. Raking in the big plucking feathers from Big Bird.......easy money....

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