[QUOTE=Mleeja;1080959]I would ask the same of you, please point out any errors from the information written in The Daily Sun or the VHA bulliten. I am not saying the "facts" presented by the poa are wrong, it is how they are presented.[/Q
In reply to your query, the Daily Sun has yet to present an unbiased, coherent explanation of the IRS investigation. Read any Daily Sun article regarding the investigation and honestly tell me that you can understand what the investigation involves based on that article. Instead of explaining what is going on and its importance to Villagers, as an independent newspaper would do, the Daily Sun has either buried the story or spun it in favor of the Developer-controlled Center Districts. The VHA has done the same thing. Read any article from the VHA Bulletin.
For example, the latest Daily Sun article explains virtually nothing about the investigation and characterizes as a "victory", for the Center Districts, the IRS decision not to apply its not-a-governmental-unit-qualified-to-issue-tax-exempt-bonds rationale to the original bonds. The article ignores the fact that the Center Districts will not be able to issue tax-exempt bonds any more (the last bonds issued were taxable) and thus will incur significantly higher interest costs in the future than the Districts otherwise would have. The article also glosses over the fact that two other IRS allegations apparently remain open and could, possibly, be applied to tax the interest on the original bonds.
The IRS decision is certainly good news for the Center Districts and the Developer, but a true "victory" would have been the IRS's allowing future issuance of tax-exempt bonds, as well actually validating the tax exemption of the original bonds.
Now, it's your turn. Would you please show me where the POA has not fairly presented the facts in regard to this matter. Incidentally, do you realize that the POA has clearly stated that it hopes that the Developer and Center Districts prevail in this matter, or if not, that the IRS does not tax the interest on the original bonds? This is hardly anti-Developer bias on the part of the POA.
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