…The information is still being sifted through, even as it’s being released to the public, but here’s some of what’s been found so far:
American Denise Rich, ex-wife of pardoned tax cheat Marc Rich, has been uncovered as the settlor and beneficiary of two large trusts based in the tiny Cook Islands. The ICIJ found that Denise Rich gave up her American citizenship in 2012. Her citizenship was convenient enough when [...]
+Senator Max Baucus, the Montana Democrat who has centered his 37-year congressional career on attempts to build bipartisan consensus, is preparing to take on the U.S. tax code.
+Many Democrats, including President Barack Obama, want to generate more tax revenue, particularly from high-income earners and multinational companies’ overseas operations. The Republicans whose votes Baucus would need to move major tax legislation in the Senate want to avoid such increases and lessen [...]