Current Governor of Florida and Senate candidate Rick Scott filed his financial disclosure statement, and, though this probably doesn’t come as a surprise, it shows some pretty shady stuff:
Let’s start with the tax dodging:
The portfolio of Gov. Rick Scott and first lady Ann Scott includes earnings last year of at least $2.9 million in two dozen hedge funds registered in the Cayman Islands, a well-known tax haven for U.S. and foreign investors.
The investments had a minimum total value of $25 million and a potential value of $62 million, according to the financial disclosure statement Scott filed last month as a U.S. Senate candidate.
Foreign investors park money in the Cayman Islands to avoid U.S. taxes. The British territory also is favored by corporations and partnerships that want to avoid the long reach of the IRS in taxing unrelated business income.
This is the modern Republican party. They want you to do all the work, and they want you to pay all the taxes, while they’ll be moving assets offshore to avoid taxes.
But the tax dodging wasn’t all that was in the financial disclosure:
As the Herald/Times has reported, the Scotts last year invested $3 million in a credit fund of the parent company of All Aboard Florida. The state-regulated firm operates a commercial rail line on Florida’s east coast and has expressed a desire to run a high-speed rail line from Tampa to Orlando that Scott now supports, even though he rejected $2.4 billion for a similar project in 2011.
I’m sure it’s just a coincidence that Rick Scott changed his mind about the rail project after investing in the company that is lobbying for the rail project.
This is Rick Scott, after all. It’s not like he was formerly the CEO of a company that engaged in the largest Medicare fraud in US history…oh wait…
We rate the claim Mostly True.