Testimony from a second whistleblower has been released by the House Ways and Means Committee and it details exactly how Hunter Biden would use his foreign business connections in China and Ukraine to dodge millions in taxes.
This latest whistleblower is the lead IRS case agent for the Hunter Biden investigation.
From Breitbart News:
The whistleblower said Hunter Biden had already owed hundreds of thousands of dollars in taxes long before his father became vice president. In 2014, when Joe Biden was in his second term as vice president in charge of Ukraine policy and when Ukrainian natural gas company, Burisma, put Hunter on its board of directors, Burisma paid Biden $666,667 to do little or no work.
According to the whistleblower, Hunter Biden received the money from Burisma, and instead of reporting it as income and paying taxes on it, he put that money into a Chinese firm run by one of Hunter Biden’s associates, who then “loaned” the money to Hunter Biden.
From the whistleblower’s testimony:
So [Hunter Biden] sets this out in this email and what ends up happening is — so imagine this. If you are an owner of a company and your friend tells you that, I want to pay my wages to your company and you’re going to loan the money back to me, that’s essentially what happened here. He took loans from that corporation — which were distributions. And he didn’t pay taxes on those loans.
…
So essentially for 2014, we had found that Hunter didn’t report any of the money he earned from Burisma. So the reason why this is important is because Hunter set it up this way, to not — to essentially earn the money through his friend’s corporation and then have his friend pay him back half of the money as loans, quote, unquote, loans.
“None of it was taxed. … So none of this has been paid or prosecuted. And I would also like to note that the statute has run out on these tax years or on the 2014 tax year.”
Byron York from the Washington Examiner summed it up this way:
So how did Hunter Biden's Burisma tax evasion scheme actually work? IRS whistleblower explains: Ukrainians gave Hunter money. Hunter then gave it to Chinese company. Chinese company then 'loaned' the money to Hunter. Bingo! No income to tax! https://t.co/ExFmXqTwIn pic.twitter.com/cgW1wTcNC4
— Byron York (@ByronYork) June 26, 2023
The first whistleblower, Gary Shapley, detailed how the DOJ interfered in the Hunter Biden probe, in many cases steering it away from President Joe Biden.
“There were certain investigative steps we weren't allowed to take that could have led us to President Biden.”
— IRS whistleblower Gary Shapley pic.twitter.com/qffkvx2q3N
— RNC Research (@RNCResearch) June 28, 2023
More over at Breitbart News:
According to the second whistleblower, Hunter Biden also willfully evaded paying millions in taxes through an elaborate tax scheme. https://t.co/3AQheok5oT
— Breitbart News (@BreitbartNews) June 27, 2023
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