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Elaine Chao on Tax Reform

Secretary of Labor (Pres. Bush Cabinet)

 


Chao family foundation funds funneled into offshore firms

Over a period of five years, millions of dollars were quietly funneled to a Chao family foundation via two offshore firms that list a New York address but are not incorporated anywhere in the United States. Two entities with the same names, however, are incorporated in the Marshall Islands, known as one of the world's most secretive offshore havens for firms seeking to avoid taxes and a preferred foreign locale for the Foremost Group, the Chao family's New York-based shipping business.
Source: The Intercept on 2018 Trump Cabinet , Feb 5, 2018

Other candidates on Tax Reform: Elaine Chao on other issues:
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Page last updated: Feb 28, 2019