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cali (100,886 posts) Alan Grayson's offshore investment scheme Forget his calling a reporter a name, it's WHY he called him a name: U.S. Rep. Alan Grayson, the outspoken, populist Democrat who thunders against Wall Street fat cats,and used to to joke about Mitt Romney's low tax bill, incorporated a couple hedge funds in the Cayman Islands so investors could avoid taxes. Grayson Fund Ltd. and Grayson Master Fund were incorporated in 2011 in the Cayman Islands, a well known tax Haven that Romney used as well, records show.. That was the same year he wrote in the Huffington Post that the IRS should audit every Fortune 500 company because so many appear to be "evading taxes through transfer pricing and offshore tax havens." In a phone interview Wednesday, Grayson said the funds were incorporated in Grand Cayman at the advice of an attorney he declined to name. It was a vehicle for foreign investors to invest in his funds while limiting their tax liabilities, he said, but no money had been invested in them yet. <snip> Grayson's financial disclosure statements indicate he has between $5-million and $25-million invested in the Grayson fund, and he lists no income from it. Asked whether it was appropriate for a member of congress and potential U.S. Senator to set up an investment fund with an eye toward soliciting foreign investments in the future, Grayson scoffed. <snip> http://www.tampabay.com/blogs/the-buzz-florida-politics/potty-mouthed-alan-grayson-and-his-offshore-investments/2229497 I don't think this is a bullshit story and I don't think there's a defense for it. It smells of rank hypocrisy.
Star Member marym625 (10,474 posts) 2. I don't blame anyone for trying to get richBut this is much more than that Sucks. I wish I didn't know this
Not too worry. Like all good sheeple, you will forget about it and continue to support him. If beating and mistreating his wife wasn't enough to end liberal support for him, then this won't be either.
Star Member marym625 (10,474 posts) 2. I don't blame anyone for trying to get rich
Sucks. I wish I didn't know this