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 Harvards Executive Education program and is named for Elaine Chaos mother. The building was funded by a $40 million dollar donation from the Chao family and its foundation, which is also named for Chaos mother.
At first glance, this seems like an extremely generous gesture. But dig a little deeper, and the truth isnt 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 worlds most secretive offshore havens for firms seeking to avoid taxes and a preferred foreign locale for the Foremost Group, the Chao familys 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/
Frustratedlady
(16,254 posts)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)assholes!!!
BigmanPigman
(51,432 posts)Angry Dragon
(36,693 posts)TexasTowelie
(111,312 posts)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?
C Moon
(12,188 posts)Marie Marie
(9,999 posts)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!!
BlueDog22
(366 posts)It will just slip through the cracks, and no one will do anything about it.
Bernardo de La Paz
(48,788 posts)diva77
(7,605 posts)Biz School regarding the source of the donation...
YOHABLO
(7,358 posts)rot in ....