Foundations, Loopholes and Tax Havens have become the Elite’s way of avoiding tax liability but is it at the detriment of the American people? The wealthy have tucked billions into private nonprofits—where the IRS can’t touch it. Americans deserve genuine tax relief and reform and while Congress is scrambling to find ways to pay for its tax cut, perhaps it should pay closer attention to the elite’s use of foundations and tax havens. Last month, George Soros transferred $18 billion of his fortune to The Open Society Foundation – a private charity that he controls. There it will be sheltered...Read More
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