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Showing posts from July 8, 2012

Invest in the Cayman Islands

Whether you're a non-profit or a presumptive GOP Presidential nominee, the conventional belief is that you put money in Cayman Islands accounts to keep the prying eyes of the U.S. government away from those investments, which is only important if you want to avoid U.S. taxes. The reason United States Senator Charles Grassley (R-Ia.) distinguishes between a non-profit and a Presidential candidate escapes me. Wouldn't such a practice be slimy in either case? Sorry, Senator. I hate to throw your own words back in your face, but if those words were meaningful for a non-profit, then they are also fair game for anyone running for public office. I get it. My ex wife hated it when I'd repeat her words, mainly because she preferred I'd forget about her inconsistencies. I don't see the dishonesty in taking Grassley's remarks made in 2010, disparaging offshore investments made by a non-profit, and applying them to an offshore investor who wants to lead this coun