HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Editorials & Other Articles (Forum) » TOP REPUBLICAN HUSBAND-WI...

Sun Feb 11, 2018, 11:19 PM

TOP REPUBLICAN HUSBAND-WIFE DUO CAUGHT FUNNELING MONEY TO OFFSHORE TAX-FREE HAVEN

'US Department of Transportation Secretary Elaine Chao and her husband Republican Senate Majority Leader Mitch McConnell, recently attended a ceremony at Harvard Business School.

The ceremony was in honor of a new building, The Ruth Mulan Chu Chao Center, which is for Harvard’s Executive Education program and is named for Elaine Chao’s mother. The building was funded by a $40 million dollar donation from the Chao family and it’s foundation, which is also named for Chao’s mother.

At first glance, this seems like an extremely generous gesture. But dig a little deeper, and the truth isn’t as pretty. Millions of dollars have been funneled to the Ruth Mulan Chu Chao Foundation from offshore tax havens.

Two of the entities which have transferred funds to the foundation are incorporated in the Marshall Islands, which is “known as one of the world’s most secretive offshore havens for firms seeking to avoid taxes and a preferred foreign locale for the Foremost Group, the Chao family’s New York-based shipping business.”

Basically, the Chao family was donating funds that would have been in the public treasury, if the funds had stayed in the US and been taxed accordingly.'>>>

http://thebluewavecommunity.com/top-republican-husband-wife-duo-caught-funneling-money-to-offshore-tax-free-haven/

11 replies, 3720 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 11 replies Author Time Post
Reply TOP REPUBLICAN HUSBAND-WIFE DUO CAUGHT FUNNELING MONEY TO OFFSHORE TAX-FREE HAVEN (Original post)
elleng Feb 11 OP
Frustratedlady Feb 11 #1
RKP5637 Feb 11 #2
BigmanPigman Feb 11 #3
Angry Dragon Feb 11 #4
TexasTowelie Feb 12 #5
C Moon Feb 12 #6
Marie Marie Feb 12 #7
BlueDog22 Feb 12 #8
Bernardo de La Paz Feb 12 #9
diva77 Feb 12 #10
YOHABLO Feb 12 #11

Response to elleng (Original post)

Sun Feb 11, 2018, 11:30 PM

1. Will anything happen to them? Doubtful.

The Turtle would never allow me the opportunity to dance in the streets. At least this should wipe that stupid grin of McConnell's face for a while.

Trump won't see anything wrong with it since he's probably done the same for years.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to elleng (Original post)

Sun Feb 11, 2018, 11:40 PM

2. All crooks on tin pedestals, and pious and self-righteous as hell. F, I can't stand these

assholes!!!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to RKP5637 (Reply #2)

Sun Feb 11, 2018, 11:44 PM

3. Well said!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to elleng (Original post)

Sun Feb 11, 2018, 11:54 PM

4. The Tortoise walks................

Reply to this post

Back to top Alert abuse Link here Permalink


Response to elleng (Original post)

Mon Feb 12, 2018, 12:06 AM

5. The Chao's family registers their ships under foreign flags

to avoid U.S. taxes and the authorities caught smugglers bringing in 90 pounds of cocaine in the country on the ships.

https://www.thenation.com/article/mitch-mcconnells-freighted-ties-shadowy-shipping-company/

Why am I not surprised that the duo is disgusting?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to elleng (Original post)

Mon Feb 12, 2018, 12:39 AM

6. 'Give me that wrist!' ...slap.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to elleng (Original post)

Mon Feb 12, 2018, 12:46 AM

7. So tell me...

Why in the Hell do we need to keep cutting taxes for the rich when they have all already find ways to hide, shelter or avoid paying their fair share? And this is the family of our Senate Majority Leader!! Grrrrrrrrrr!!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to elleng (Original post)

Mon Feb 12, 2018, 01:00 AM

8. Nothing is Going to Happen

It will just slip through the cracks, and no one will do anything about it.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to elleng (Original post)

Mon Feb 12, 2018, 01:02 AM

9. Could be Russian money in there too. . . . nt

Reply to this post

Back to top Alert abuse Link here Permalink


Response to elleng (Original post)

Mon Feb 12, 2018, 01:11 AM

10. article doesn't say who "caught" them; would be interesting to get quotes from officials at Harvard

Biz School regarding the source of the donation...

Reply to this post

Back to top Alert abuse Link here Permalink


Response to elleng (Original post)

Mon Feb 12, 2018, 07:58 AM

11. Oh well, I suppose they're just one in a million doing the same thing. May they

rot in ....

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread