Thursday 21 April 2016

Clinton Tax Scandal

Shell companies are reserved mainly for mafia types or Citi bank executives. In recent freedom of information requests it was revealed that Bill and Hilary Clinton had 5 shell companies in their name all located in Delaware. According to the associated press one of the Clintons shell companies WJC LLC Wilmington, Delaware. 1209 North Orange Street had neither any employees or assets. It turns out this was also home for over 285,000 companies taking advantage of Delaware’s Panama-like secrecy rules, tax incentives, and business-friendly case law.. Bill used it legally to apparently provide consulting and other services and this demonstrates the complexity of the Clinton finances. Bills shell company was set up as what is termed in the tax jargon a 'pass through', company designed to pass on payment made via the company to be kept secret. It is also used for payments Bill recieved for what it described as "consultancy" work.

Another company at the same location, ZFS Holdings, LLC, was set up in February 2013, one week after Hillary left the State Department. Hillary received $5.5 million from her book publisher, Simon & Schuster, through the company 285,000 companies also claim 1209 North Orange Street is their trading address and that are doing real business there. Yet it doesn’t even  have mailboxes. They use it for purely tax purposes to shield themselves from liability under Delawares highly advantageous laws which rival those of well-known secrecy havens like Panama or the Cayman Islands plus the ability to operate in secrecy.

y was working at the State Department alongside large US corporations putting pressure on Haiti to halt plans to raise its minimum wage there to $0.61 cents an hour. Its minimum wage at the time was $0.24 cents an hour. In other words while Bill was hiding millions in Clinton consultancy fees from public scrutiny his wife was busy keeping $0.37 cents an hour out of the pockets of impoverished Haitians. The huge Haynes Corporation who Hilary was working for at the time is a multi million dollar clothing company. The wage deal Hilary helped them stifle would have cost Haynes $1.6 million a year. The companies turnover at the time was $211 million.
The US Foundation for Accountability and Civic Trust (FACT) named Hilary Clinton as  the Most Corrupt Politician of 2015: 

Cash Flowed to Clinton Foundation Amid Russian Uranium Deal

In 2009 while Bill was setting up another shell company in New York Hilar The New York Times reported a cosy relationship during the convoluted tale of Russia gradually acquiring mining rights over most of US uranium deposits. These acquisitions mysteriously coincided with huge Russian donations to the Clinton foundation between 2009 the first donation being $500,000 up until  2013.

This is the woman wants to be the next US president!

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