Difference between revisions of "Richard Caring"
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In 2015 a a major investigation by the International Consortium of Journalists into leaked records from HSBC's Swiss banking arm revealed Caring as holding offshore assets in a tax-free Geneva account. | In 2015 a a major investigation by the International Consortium of Journalists into leaked records from HSBC's Swiss banking arm revealed Caring as holding offshore assets in a tax-free Geneva account. | ||
| − | ===Clinton Foundation donor== | + | ===Clinton Foundation donor=== |
Leaked HSBC bank’s internal records show Caring used his tax-free Geneva account to transfer $1m into the New York-based foundation. | Leaked HSBC bank’s internal records show Caring used his tax-free Geneva account to transfer $1m into the New York-based foundation. | ||
Revision as of 06:02, 11 February 2015
Richard Caring is a British retail magnate.
Contents
HSBC Swiss leaks
In 2015 a a major investigation by the International Consortium of Journalists into leaked records from HSBC's Swiss banking arm revealed Caring as holding offshore assets in a tax-free Geneva account.
Clinton Foundation donor
Leaked HSBC bank’s internal records show Caring used his tax-free Geneva account to transfer $1m into the New York-based foundation.
- Caring was legitimately permitted to keep his assets offshore by a hereditary quirk of UK tax law, under which he is registered as “non-domiciled”, courtesy of his Italian-American father. The HSBC records suggest Caring’s $1m donation was paid in return for former president Bill Clinton’s attendance at a lavish costume charity ball organised by Caring in St Petersburg, Russia. [1]
Affiliations
Publications
Resources
Notes
- ↑ Paul Lewis in New York and James Ball in London, Clinton foundation received up to $81m from clients of controversial HSBC bank, The Guardian, 10 February 2015 06.00 EST, accessed same day
