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In reply to the discussion: Alan Grayson just called a reporter a "shitting robot" [View all]cali
(114,904 posts)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.
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http://www.tampabay.com/blogs/the-buzz-florida-politics/potty-mouthed-alan-grayson-and-his-offshore-investments/2229497
Put simply, this is as indefensible as it gets. And the weasel words that Grayson uses are maddening. He really seems to think that he can pull the wool over everybody's eyes- and then he has the unmitigated gall to act self-righteous. He'll never be the U.S. Senator from Florida.
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