Wednesday, August 06, 2008

Chutzpah or Ignorance?

Senator Hillary Rodham Clinton has an Op-Ed in today's Wall Street Journal: No Crisis Is Immune From Exploitation Under Bush. Its firt two paragraphs were obviously not vetted by Bill Clinton:
Tucked away on the Cayman Islands sits Ugland House, an unassuming, nondescript building of modest scale and size. However, according to a recent report by the Government Accountability Office (GAO), this five-story office building is home to more than 18,000 corporate entities, nearly half of which have U.S. ties.

In the past few years, the number of corporations flocking to places like the Cayman Islands to evade U.S. taxes has exploded. One of these companies, former Halliburton subsidiary KBR, has used offshore tax havens to avoid paying hundreds of millions of dollars in federal taxes...
Someone on Ms. Clinton's staff should inform her that:
...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...


Blogger Joe C. said...

Instead of blaming the companies for doing the rational thing, the regulations and taxes should be removed that make these off-shore transactions necessary.

August 6, 2008 at 8:29 PM  

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