On Wed, Jan 20, 2016 at 11:56 AM, John Podesta <firstname.lastname@example.org> wrote:
Are you looking at NYPost story on Berckle Clinton Corp being a Cayman > island tax shelter?
Date: 2016-01-20 15:06
Subject: Re: Cayman islands
From The New York Post editorial:
Hillary Clinton last week lunged into her most flagrant fit of hypocrisy yet.
With Bernie Sanders surging, she took new aim at the rich — including their use of tax dodges.
She told MSNBC: “We can go after some of these schemes … the kind of misclassifying of income, trying to make it look like it’s a capital gain, when it’s really ordinary income, going ahead and routing income through the Bahamas or the Cayman Islands or wherever.”
Huh. Bloomberg News reported in 2014 on the Clintons’ use of a prime tax dodge: They put their Chappaqua home into a “residence trust” in 2010. Such trusts can save hundreds of thousands of dollars in estate taxes.
Meanwhile, the Clintons’ family wealth has grown big-time thanks to firms with significant holdings in places like . . . the Caymans.
As The Daily Caller notes, Bill Clinton spent years as a partner in his (now-ex-) buddy Ron Burkle’s investment fund Yucaipa Global — registered in the Cayman Islands. In five years, Bill pocketed at least $10 million.
In 2011, her hubby also earned at least $225,000 in speaking fees from Whisky Productions for an “event that will target the business community in Grand Cayman.”
It’s a family thing: Chelsea Clinton’s hubby, Marc Mezvinsky, is a partner in a hedge fund with multiple holdings incorporated in the Cayman Islands.
And don’t get us started on the whole clan’s use of the Clinton Foundation.
A candidate luxuriating in the poshest glass house should think twice before throwing populist stones.