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Clinton criticized the use of offshore tax havens on Monday, even though she and husband Bill have been paid millions of dollars in investment income, consulting fees and speech honoraria from companies doing business in the Cayman Islands.
“We’re now in a position, I think, where we can go after some of these schemes that you did read about, 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,” Clinton told MSNBC’s Chris Hayes during the interview.
Clinton’s public stance on the issue — which she has discussed in the past — and the private actions of her family seems to tie together something Vice President Joe Biden said Monday about the Democratic presidential front-runner and her campaign opponent, Vermont Sen. Bernie Sanders.
Clintons Have Three Cayman Island Accounts
From Bloomberg:
Ron Burkle, managing partner and founder of Yucaipa Cos., left, and former President Bill Clinton, right, stand side by side during the 2nd annual Clinton Global Initiative summit on Sept. 22, 2006, in New York.
Clinton’s Burkle Ties Include Funds in Cayman Islands
By Timothy J. Burger and Ryan J. Donmoyer
Dec. 17 (Bloomberg) — Former President Bill Clinton’s decision to reconsider a business relationship with California billionaire Ron Burkle reflects concern those financial dealings may embarrass his wife’s presidential candidacy.
Securities and Exchange Commission documents and financial- disclosure forms filed by Hillary Clinton show that Bill Clinton, 61, has a financial stake in three investment entities registered in the Cayman Islands by Burkle’s Yucaipa Cos. LLC.
In 2004, Hillary Clinton, a New York senator, said she wanted to close the “loopholes” for “people who create a mailbox, or a drop, or send one person to sit on the beach in some island paradise and claim that it is their offshore headquarters.”
originally posted by: IAMTAT
a reply to: xuenchen
Clintons Have Three Cayman Island Accounts
From Bloomberg:
Ron Burkle, managing partner and founder of Yucaipa Cos., left, and former President Bill Clinton, right, stand side by side during the 2nd annual Clinton Global Initiative summit on Sept. 22, 2006, in New York.
Clinton’s Burkle Ties Include Funds in Cayman Islands
By Timothy J. Burger and Ryan J. Donmoyer
Dec. 17 (Bloomberg) — Former President Bill Clinton’s decision to reconsider a business relationship with California billionaire Ron Burkle reflects concern those financial dealings may embarrass his wife’s presidential candidacy.
Securities and Exchange Commission documents and financial- disclosure forms filed by Hillary Clinton show that Bill Clinton, 61, has a financial stake in three investment entities registered in the Cayman Islands by Burkle’s Yucaipa Cos. LLC.
In 2004, Hillary Clinton, a New York senator, said she wanted to close the “loopholes” for “people who create a mailbox, or a drop, or send one person to sit on the beach in some island paradise and claim that it is their offshore headquarters.”
sweetness-light.com...
In 2004, Hillary Clinton, a New York senator, said she wanted to close the “loopholes” for “people who create a mailbox, or a drop, or send one person to sit on the beach in some island paradise and claim that it is their offshore headquarters.”
originally posted by: xuenchen
I think Hillary is running a nazi-style campaign.
Always pretending to go after her own kind.
n 2008, an American employee of the bank, working in Switzerland, revealed that UBS had thousands of US customers who had opened accounts to avoid paying US taxes. The bank signed a consent agreement in 2009, agreeing to pay a $780 million fine and give the names of 250 account holders. But the IRS was pressing for a broader disclosure—the names of US citizens who held 52,000 numbered accounts worth an estimated $18 billion.
At Clinton’s first meeting with her Swiss counterpart, Micheline Calmy-Rey, there was a list of pressing issues, several relating to Iran, where the Swiss embassy has represented US interests since 1979. The Obama administration wanted Switzerland to accept some Guantanamo detainees, to curtail business by a Swiss-based energy company in Iran, and to intervene on behalf of a US journalist detained in Iran. The Swiss government, serving as the political agent of the Swiss banks, wanted to curb the forced disclosure of information by UBS.
A deal was worked out. In return for Swiss action on its concerns, the US government agreed to a legal settlement with UBS that limited disclosure to information on 4,450 accounts, less than 10 percent of the 52,000 sought by the IRS.
originally posted by: AlaskanDad
source
That's the Hillary I remember!
A deal was worked out. In return for Swiss action on its concerns, the US government agreed to a legal settlement with UBS that limited disclosure to information on 4,450 accounts, less than 10 percent of the 52,000 sought by the IRS.