Thursday, November 18, 2010

New York mayor Bloomberg still going offshore


From the Associated Press, via, er, Bloomberg:

"Mayor Michael Bloomberg's money managers invested more than $75 million of his money in offshore tax havens in 2009, according to his philanthropic foundation's latest tax forms, continuing an activity seemingly at odds with his public statements about the economy.

The practice is not uncommon or illegal, but it clashes with Bloomberg's oft-repeated message that New York City and the nation depend on tax revenue to keep government running."

It does indeed clash.


View the original article here

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