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Footnotes: Doomed Video Game Companies and Other Tricky Situations | 07.23.12

Libor: What Criminal Charges Are Likely?  [NetNet]

Response to the $21 trillion Tax Avoidance Study [Tax Foundation]

The Latest News on Tax Fairness [WSJ]

Norquist: Bachmann claim 'indefensible' Americans for Tax Reform president Grover Norquist called Michelle Bachmann’s recent claim about Secretary of State aide Huma Abedin “indefensible.” Bachmann alleged recently that Abedin, wife of former Congressman Anthony Weiner, had ties to the Muslim Brotherhood and said she should be investigated. Bachmann cited a report from the Center for Security Policy. The center is run by Frank Gaffney, who once alleged Norquist had ties to radical Islamic groups and was attempting to influence the Bush administration. Norquist’s wife, Samah Alrayyes, is a Muslim. “It’s completely indefensible, there’s nothing else to say,” Norquist said in an interview with POLITICO. [Politico]

IRS sizes up political groups' tax-exempt status [Reuters]

How Curt Schilling’s Video Game Company Was Doomed From The Start Desperate to gain outside funding, Schilling used his fame to gain meetings with investors "practically every week for the company's first three or four years." But no one bought in, scared off by the company's amateurish business plan and lack of experience. So when Rhode Island came calling with a sweetheart business development loan, 38 Studios jumped at the chance—even if it meant opening up a new office and hiring more employees, which hastened its demise. [Deadspin]