Tuesday, June 21, 2022

November 8, 2017: Even the Secretary of the Treasury is Dodging Paying Taxes

 11/8/17: Trump fans will swear this is “Fake News,” but British papers are digging into 13.4 million leaked files from Appleby, a powerhouse law firm operating out of Bermuda. Nicknamed the “Paradise Papers,” they provide insight into the sleazy world of total tax avoidance. Guess which famous Brit has cash stashed in offshore accounts where avoiding taxes is key? 

The Queen!!                                        

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The Treasury Secretary of these United States is stashing cash overseas in a gambit to dodge taxes.

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As far as this country goes, 31,000 Americans hold Appleby accounts. All are working hard (or paying their lawyers to work hard) to avoid paying any taxes at all, while also covering their tracks. 

Who might some of these evaders be? We mentioned one yesterday (see: 11/7/17). Let’s add to our list. Working hard to avoid taxes we have Gary Cohn, Trump’s chief economic adviser; Secretary of State Rex Tillerson and Treasury Secretary Steven Mnuchin. That’s right! The Treasury Secretary of these United States is stashing cash overseas in a gambit to dodge taxes. (See: 6/29/19 for more detail.)


Where do you stash your cash?

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