A company that has sold tax credits the Treasury Department and IRS have said don’t exist says the program is legitimate, and that Democrats are trying to sabotage Billy Long’s nomination as IRS commissioner by calling for a criminal investigation.
White River Energy Corp., a publicly traded oil and gas company, claims it received billions of dollars in so-called sovereign tribal tax credits that wealthy investors could buy for as little as 60 cents on the dollar. The company said in a Wednesday statement that its attorneys, advisers, and lobbyists have tried in vain to work with the federal government—including ...