Sen. Claire McCaskill Husband Invested in Hedge Fund In Caymans
Published 41 mins ago
on Jun 20, 2018
By Peter D'Abrosca
A Senator running for reelection in Missouri has been hit with allegations that her husband is storing investment money in an offshore bank account in order to evade taxes.
“Joseph Shepard’s investment in Matrix Capital Management has earned him between $230,000 and $2.1 million in income since he first invested in 2013, according to McCaskill’s financial disclosure forms. Such forms only show a range of income,†said a Kansas City Star article.
Shepard is the husband of Democrat Sen. Claire McCaskill of Missouri.
According to the report, Shepard has invested $1 million in a hedge in the Cayman Islands, a “notorious tax haven.†The capital gains tax in the Caymans is much lower than the income tax rate paid by the ordinary American citizen.
Campaign finance law mandates that candidates for office must declare the income of spouses. ... Full story at Big League Politics
Pull my finger! Never mind, I'll do it myself.
