Hillary Clinton’s son-in-law Marc Mezvinsky’s Cayman Island hedge fund would take a hit under a new round of tax penalties the Democratic presidential candidate unveiled Monday night.
“We’re now in a position, I think, where we can go after some of these schemes that you did read about, the kind of misclassifying of income, trying to make it look like it’s a capital gain, when it’s just ordinary income, um, going ahead and rooting income through the Bahamas or the Cayman Islands or wherever,” Clinton said on MSNBC.
“I want to have a surcharge, so wherever the income comes from, whatever the income is, it would be on the adjusted gross income and it would give us a chance to try to get around and end some of these abuses that are taking place in the tax system,” added Clinton in comments captured by America Rising, an anti-Clinton group.
Mezvinsky and his pals have two outlets in the Caymans linked to their New York Eaglevale Partners. The Caymans have a zero percent tax rate on capital gains, an issue that prompted Democrats to attack 2012 GOP nominee Mitt Romney since he had investments in the tax haven.
Mezvinsky hasn’t been a player in the 2016 campaign yet, but his wife and Clinton daughter Chelsea is set to hit the campaign trail Tuesday.
According to reports and federal documents, Eaglevale Partners includes two of former Goldman Sachs execs, Bennett Grau and Mark Mallon.
Mallon and chief financial officer Gary G. Tynes were listed as executives for Eaglevale Partners Offshore Fund, Ltd., which was incorporated in the Cayman Islands the same day as the New York-based Eaglevale Partners.
In July 2014, Eaglevale Partners became the investment adviser and investment manager for Eaglevale Hellenic Opportunity Offshore Fund Ltd., which is incorporated in the Cayman Islands.
Paul Bedard, the Washington Examiner’s “Washington Secrets” columnist, can be contacted at [email protected].
