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Did tax havens and tax evasion elect Trump?
https://www.theguardian.com/news/2017/nov/07/us-republican-donors-offshore-paradise-papers
Seven Republican super-donors helped bankroll the conservative push for power in the 2016 election cycle, between them pumping more than $350m (£264m) into federal and state races.
The Paradise Papers illuminate another aspect of these vastly wealthy men – their propensity to nurture offshore some of their combined fortunes, estimated by Forbes at $142bn, largely beyond the reach of public scrutiny and tax authorities.
The seven have their divisions, especially over Donald Trump. Warren Stephens was a major backer of the Stop Trump movement last year, while Geoff Palmer was among the then Republican nominee’s biggest financial backers.
But they share a presence in tax havens. In turn, they face a legitimate question as they wield influence by investing in Super Pacs with names including “Rebuilding America now”, “Right to rise USA” and “American unity”: are their political principles undermined by their offshore practices?
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Seven Republican super-donors helped bankroll the conservative push for power in the 2016 election cycle, between them pumping more than $350m (£264m) into federal and state races.
The Paradise Papers illuminate another aspect of these vastly wealthy men – their propensity to nurture offshore some of their combined fortunes, estimated by Forbes at $142bn, largely beyond the reach of public scrutiny and tax authorities.
The seven have their divisions, especially over Donald Trump. Warren Stephens was a major backer of the Stop Trump movement last year, while Geoff Palmer was among the then Republican nominee’s biggest financial backers.
But they share a presence in tax havens. In turn, they face a legitimate question as they wield influence by investing in Super Pacs with names including “Rebuilding America now”, “Right to rise USA” and “American unity”: are their political principles undermined by their offshore practices?
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