Steyer's Offshore Profits: A Taxing Dilemma
Fresno News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Tom Steyer, a Democratic candidate for California governor, released his tax returns, revealing significant profits from private equity funds based in Bermuda and the Cayman Islands. Despite criticism for his stance against tax dodges for the rich, Steyer maintains that these offshore structures help pool global investor money without double taxation. His campaign faces scrutiny as he trails in polls and has spent millions of his own money.
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