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Democrat Representative and Former Lead Counsel in Trump Impeachment Reportedly Has $30 Million in Cayman Islands Non-Profit


Democrats say one thing, yet do the opposite.

They’re the ultimate hypocrites!

In new reports, Rep. Daniel Goldman (D-NY) has investments worth upwards of $32 million in a Cayman Islands-based non-profit organization.

The Cayman Islands is a notable tax haven for multinational corporations and wealthy investors.

Fox News Digital reviewed the Richard W. Goldman Family Foundation’s most recent tax filings and found the group “had investments worth $6.1 million and $26.1 million, respectively, in two private funds based in the Cayman Islands by the U.S. firm BBR Partners LLC., as of December 2020.”

Goldman reportedly started the foundation with his two siblings in memory of their father to “promote equality” and help the disadvantaged.

Further details from Fox News:

Documents filed with the Securities and Exchange Commission show the two funds, BBR Equity Long/Short Ltd. and BBR Absolute Return Ltd., are organized in the Cayman Islands.

The Cayman Islands serve as a popular tax haven for wealthy Americans because the small island country has no personal income taxes, no capital gains taxes, no payroll taxes, no corporate taxes and doesn’t withhold taxes on foreign entities, according to a December report from the Corporate Finance Institute. The scheme, which has faced scrutiny from U.S. lawmakers for years, ultimately allows investments from groups like Goldman’s non-profit to avoid paying federal taxes that would otherwise be owed.

In addition to the $32.2 million invested overseas, Goldman’s foundation invested another $13 million in funds managed by BBR Partners, but organized in America. Overall, the non-profit reported assets worth $82.2 million in 2020.

According to the group’s 2020 tax filings, Goldman, who is a freshman congressman and member of the powerful House Oversight Committee, served as its secretary and treasurer of the foundation, giving him direct oversight of its finances. He had assumed the secretary position in 2012 and the treasurer position in 2018.

The New York lawmaker’s most recent financial disclosure filed with the House of Representatives Clerk showed that he has maintained his position on the foundation’s board of advisors as of July 2022.

But while his foundation reported investments in funds organized in the Cayman Islands, Goldman has repeatedly called on the government to hike taxes for the wealthiest Americans since taking office earlier this year.

Per Wikipedia:

Goldman is among the wealthiest members of Congress, with an estimated personal net worth of up to $253 million according to financial disclosure forms.

Goldman served as lead majority counsel in the first impeachment inquiry against Donald Trump.


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