By Luke Harding and Jon Swaine - February 11, 2019 Questions have been raised about the US tax affairs of the wife of Vladimir Putin’s spokesman, after records suggested she may have failed to declare her true income to US regulators and not disclosed foreign bank accounts. Tatiana Navka, a former Olympic ice dancing champion, also … Continue reading The Guardian – Revealed: Wife of Putin’s Spokesman Faces Questions over US Tax Affairs
Tag: Media
By Jon Swaine - November 7, 2017 Leaked documents and newly obtained public filings show how the billionaire Mercer family built a $60m war chest for conservative causes inside their family foundations by using an offshore investment vehicle to avoid US tax. The offshore vehicle was part of a network of companies in the Atlantic … Continue reading The Guardian – Offshore cash helped fund Steve Bannon’s attacks on Hillary Clinton
By Joseph Tanfani and Evan Halper - October 6, 2016 When Republican senators investigated a little-known San Francisco nonprofit steering as much as $50 million a year to climate change activists, the right-wing media outlet Breitbart News pounced on the report. Breitbart branded the organization, the Sea Change Foundation, as a vehicle for “rich liberals who are secretly … Continue reading Los Angeles Times – They Teamed Up to Conquer Wall Street. Now, One is Bankrolling Clinton and the Other Trump
By Gretchen Morgenson - November 20, 2015 "We push the boundaries." That's how Intel Corporation, the respect Silicon Valley computing giant, describes its role as an innovator and creator of value for shareholders, customers and society. The case against Intel has a different twist. At its heart is this question: Should hedge funds, private equity … Continue reading The New York Times – Intel Lawsuit Questions Place of Hedge Funds in Retirement Plans
By Mark Maremont - July 2, 2015 In the tax returns he released Tuesday, GOP presidential candidate Jeb Bush reported large deductions for payments to “pension and profit-sharing plans.” The payments averaged $350,000 a year for the past five years, far more than most people could contribute to an individual retirement account or 401(k) plan. … Continue reading The Wall Street Journal – Pension Plan Cut Jeb Bush’s Taxes
By Richard Rubin and Margaret Collins - June 16, 2015 It’s one of the sweetest employee perks in the hedge-fund world: a chance to invest in Medallion, the wildly profitable fund created by market legend James Simons. Now, with deft legal maneuvers and a blessing from Washington, the firm Simons started is giving its employees … Continue reading Bloomberg – How an Exclusive Hedge Fund Turbocharged Its Retirement Plan
By Joseph Tanfani - December 25, 2014 When Jeb Bush completed two terms as governor of Florida in 2007, he reported his net worth at $1.3 million, about $700,000 less than when he took office. Today, nearly eight years later, he is a wealthier man. He has plunged into business and entrepreneurial ventures involving consulting, … Continue reading Los Angeles Times – Jeb Bush Eases Out of Some Businesses, such as firm helped by Obamacare
By Margaret Collins and Richard Rubin - September 17, 2014 If it seems impossible to amass a fortune in an IRA during your lifetime, think again. The Government Accountability Office reported yesterday that about 9,000 U.S. taxpayers have each accumulated at least $5 million in individual retirement accounts. While the GAO didn’t say how they managed to … Continue reading Bloomberg – How to Join 9,000 U.S. Taxpayers With Romney-Sized IRAs
By Brent Hunsberger - August 30, 2014 I recently looked inside Intel’s workplace retirement fund. My logic board just about locked up. Intel Corp. is Oregon's largest private employer and, as a result, carries a big burden. Nearly 18,000 employees in the state rely heavily on the company's three retirement plans to ensure they will … Continue reading The Oregonian – What’s inside Intel’s retirement plans? Hedge funds. Lots of ’em.