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elleng

(130,156 posts)
Mon Feb 12, 2018, 12:19 AM Feb 2018

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 = new reply since forum marked as read
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TOP REPUBLICAN HUSBAND-WIFE DUO CAUGHT FUNNELING MONEY TO OFFSHORE TAX-FREE HAVEN (Original Post) elleng Feb 2018 OP
Will anything happen to them? Doubtful. Frustratedlady Feb 2018 #1
All crooks on tin pedestals, and pious and self-righteous as hell. F, I can't stand these RKP5637 Feb 2018 #2
Well said! BigmanPigman Feb 2018 #3
The Tortoise walks................ Angry Dragon Feb 2018 #4
The Chao's family registers their ships under foreign flags TexasTowelie Feb 2018 #5
'Give me that wrist!' ...slap. C Moon Feb 2018 #6
So tell me... Marie Marie Feb 2018 #7
Nothing is Going to Happen BlueDog22 Feb 2018 #8
Could be Russian money in there too. . . . nt Bernardo de La Paz Feb 2018 #9
article doesn't say who "caught" them; would be interesting to get quotes from officials at Harvard diva77 Feb 2018 #10
Oh well, I suppose they're just one in a million doing the same thing. May they YOHABLO Feb 2018 #11

Frustratedlady

(16,254 posts)
1. Will anything happen to them? Doubtful.
Mon Feb 12, 2018, 12:30 AM
Feb 2018

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.

RKP5637

(67,032 posts)
2. All crooks on tin pedestals, and pious and self-righteous as hell. F, I can't stand these
Mon Feb 12, 2018, 12:40 AM
Feb 2018

assholes!!!

TexasTowelie

(111,312 posts)
5. The Chao's family registers their ships under foreign flags
Mon Feb 12, 2018, 01:06 AM
Feb 2018

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?

Marie Marie

(9,999 posts)
7. So tell me...
Mon Feb 12, 2018, 01:46 AM
Feb 2018

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!!

diva77

(7,605 posts)
10. article doesn't say who "caught" them; would be interesting to get quotes from officials at Harvard
Mon Feb 12, 2018, 02:11 AM
Feb 2018

Biz School regarding the source of the donation...

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