Going Offshore in the 2016 Election Campaign: Clinton
http://www.commondreams.org/views/2016/05/05/going-offshore-2016-election-campaign
Like many gilt-edged couples, Hillary and Bill Clinton have themselves utilized onshore and offshore tax loopholes. In 2010, they used a common tax-dodging technique by placing their multi-million dollar home in Chappaqua, New York, in a residence trust. After he left office, Bill spent five years as an adviser to billionaire (now-ex-pal) Ron Burkles investment fund, Yucaipa Global, which had funds registered in the Cayman Islands and Dubai. That alliance netted Bill at least $15 million.
Hillarys bedrock thinking on money flowing out of the U.S. and into the offshore world can best be seen in her support for the 2012 U.S.-Panama Trade Promotion Agreement when she was secretary of state. The agreement removed barriers to U.S. services, including financial services, which actually simplified the process of squirreling money away in or through Panama by allowing it to flow freely into that country.
The Clinton Foundation inhales donations from people using tax havens (including Panama). Although Hillary denounced Mossack Fonsecas dealings on cue after the Panama Papers story broke, a number of individuals and multinationals that have contributed to the foundation used MF to establish offshore accounts, according to McClatchy. These include Canadian mining billionaire Frank Giustra who features in the foundations $25 million top-tier donor bracket, and two firms tied to Ng Lap Seng, the Chinese billionaire implicated in a major donor scandal involving the Clintons and the Democratic National Committee.
Similarly, in a speech she gave at the New School in July 2015, Hillary highlighted the criminal behavior of global bank HSBC. In 2012, the behemoth financial institution agreed to a record $1.92 billion settlement with the Department of Justice and the Treasury Department for enabling drug cartel money laundering and violating U.S. sanctions by conducting transactions for customers in Iran, Libya, Sudan, and Burma. She vowed, On my watch, it will change.
Yet, in 2014, the Clinton Foundation accepted between $500,000 and $1 million from that bank.