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April 26, 2016
SecState Kerry and his wife have millions invested in offshore tax haven hedge funds
Bernie Sanders loves to denounce the tax dodges of the wealthy (even as he pays 13.4% income tax on a $200K+ income), so it would be interesting to hear what he has to say about John Kerry, the current secretary of state and former Democratic Party nominee for president. An analysis of public documents by the Daily Caller News Foundation indicates that Kerry and his wife liberally use offshore tax havens. Richard Pollock writes:
… a DCNF investigation has confirmed that the former Massachusetts Democratic senator and his billionaire wife, using an elaborate set of Heinz family trusts, have invested “more than $1 million” each into 11 separate offshore accounts — mainly hedge funds in the Cayman Islands.
The investments were made during both Kerry’s tenure in the Senate and in his present position as the nation’s chief diplomat.
The trusts funneled millions of dollars over the years into various offshore investment vehicles...(Read Full Post)