[Army_of_One]

The thing is...that this is probably legal. Are they doing anything illegal? The second thing is that the reason they do this is yes because of greed (Welcome to America) and because our tax system is the way it is.

After all...Hillary does it...

CLINTON TAX SHELTER HYPOCRISY

Sen. Hillary Clinton (D-NY) Has Called For An End To Offshore Tax Shelters:

“In 2004, Hillary Clinton … Said She Wanted To ‘Close The Loopholes’ For ‘People Who Create A Mailbox, Or A Drop, Or Send One Person To Sit On The Beach In Some Island Paradise And Claim That It Is Their Offshore Headquarters.’” (Timothy J. Burger and Ryan J. Donmoyer, “Clinton’s Ties To Burkle Include Funds In Offshore Tax Haven,” Bloomberg, 12/17/07)

Sen. Clinton Has Called To “Close The Loopholes, End The Unjustifiable Tax Breaks, And Stop Subsidizing The Movement Of Jobs To Foreign Tax Havens.” (Sen. Hillary Clinton, Policy Speech On “Rebuilding The Middle Class: Hillary Clinton’s Economic Blueprint For The 21st Century,” Cedar Rapids, IA, 10/8/07)

But Former President Clinton Has Investments Based In The Cayman Islands That Could Earn Him “Tens Of Millions Of Dollars”:

Bill Has Holdings In Three Investments Controlled By Billionaire Ron Burkle; All Three Funds Are Based In The Cayman Islands. “The disclosures that Hillary Clinton, 60, is required to make as a lawmaker and candidate show that her husband has holdings in three [Ron] Burkle-controlled funds -- YGOF GP Ltd., Yucaipa Global Holdings and Yucaipa Global Partnership Fund LP - - all listed at Yucaipa’s Los Angeles address. An October filing with the SEC by Burkle, Yucaipa’s lead partner, names YGOF as a Cayman Islands corporation and the latter two as Cayman Islands partnerships.” (Timothy J. Burger and Ryan J. Donmoyer, “Clinton’s Ties To Burkle Include Funds In Offshore Tax Haven,” Bloomberg, 12/17/07)

“[A] Person Familiar With The Matter Confirmed A Report Last Year In The New York Times That Bill Clinton Stands To Make Tens Of Millions Of Dollars With Little Risk If The Yucaipa Funds He Is Involved In Profit Beyond A Certain Level.” (Timothy J. Burger and Ryan J. Donmoyer, “Clinton’s Ties To Burkle Include Funds In Offshore Tax Haven,” Bloomberg, 12/17/07)

A Clinton Spokesman Would Not Confirm When The Clintons Discovered The Funds Were Based Offshore. “Bloomberg’s questions to the campaign involved the nature and amounts of his compensation from Yucaipa, why the holdings were listed as Los Angeles-based rather than Cayman Islands entities, and when Hillary Clinton became aware that the funds were offshore. [Clinton spokesman] Carson didn’t address those questions.” (Timothy J. Burger and Ryan J. Donmoyer, “Clinton’s Ties To Burkle Include Funds In Offshore Tax Haven,” Bloomberg, 12/17/07)