GOP senator grilled Obama nominee in 2010 about tax havens
GOP senator grilled Obama nominee in 2010 about tax havens
By David S. Hilzenrath, Updated: Wednesday, January 25, 7:30 PM
Before Mitt Romney’s Cayman Islands investments became an issue in the Republican presidential campaign, a senior Republican senator cited similar financial arrangements as cause for concern about a nominee for a top position at the Treasury Department.
Jeffrey A. Goldstein, who had worked at a private equity firm, was running into tough questions from Sen. Charles E. Grassley (R-Iowa) in 2010 when President Obama gave Goldstein a recess appointment as undersecretary for domestic finance, bypassing the Senate confirmation process.
“His position as managing director of the private equity firm was of particular interest to me because of its offshore investments,” Grassley, the ranking Republican on the Senate Finance Committee, said in a March 2010 statement.
Grassley said at the time that he was concerned that the private equity firm “set up blocker corporations” in the Cayman Islands to help investors avoid U.S. taxes.
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http://www.washingtonpost.com/business/economy/gop-senator-grilled-obama-nominee-in-2010-about-tax-havens/2012/01/25/gIQAFp3dRQ_story.html?wprss=rss_politics
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