Obama’s Beach Bundler
Despite criticism, major campaign donor is Virgin Islands tax haven specialist
By Patrick Howley
The Washington Free Beacon
February 29, 2012 5:00 am
One of President Obama’s major bundlers is a lawyer who helps her wealthy clients exploit the very offshore tax benefits the president has criticized.
Marjorie Rawls Roberts, a Virgin Islands tax lawyer who specializes in offshore funds, has committed to bundling at least $100,000-$200,000 for the Obama Victory Fund 2012. Roberts runs her own law firm, Marjorie Rawls Roberts, P.C., based in St. Thomas, U.S. Virgin Islands (USVI). According to the firm, Roberts “specializes in the areas of tax, investment, and offshore funds.”
Prior to starting her own firm, Roberts served from 1995 to 1999 as vice president and chief counsel for Globalvest Management Company, a “St. Thomas-based investment company managing approximately $1 billion in investments in Latin America and Russia through offshore funds.”
A 2004 Northwest Arkansas Business Journal interview about residency in the Virgin Islands described Roberts’ firm as “a private law practice…helping affluent clients access the tax benefits available in the USVI.”
Obama has criticized individuals and corporations who use overseas tax benefits to avoid paying taxes. In a May 2009 White House speech, Obama described a U.S. tax code “full of corporate loopholes that makes it perfectly legal for companies to avoid paying their fair share.” ...
Remainder of article @ http://freebeacon.com/obamas-beach-bundler/
The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence
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