July 16, 2014

Washington Times: Democratic superdonor Tom Steyer’s use of tax shelters draws Romney comparisons

media mention

“While at Farallon, however, Mr. Steyer used loopholes in U.S. tax regulations to produce maximum returns for his elite clientele. That included using tax havens in the Cayman Islands, the British Virgin Islands and Mauritius, ‘where there are no regulations at all, no call for transparency, and have little to no income tax rates,’ said Matthew Gardner, executive director of the Institute on Taxation and Economic Policy in Washington.”

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