Hunter Biden, the son of President Joe Biden, recently pleaded guilty to two misdemeanor counts of failing to pay taxes on time. However, a second whistleblower, whose testimony was released by the House Ways and Means Committee, alleges that Hunter Biden was involved in an elaborate tax scheme, evading millions of dollars in taxes. The whistleblower claims that Hunter Biden set up a scheme involving a Ukrainian natural gas company and a Chinese business associate to intentionally avoid paying taxes. The whistleblower also raises concerns about the statute of limitations and the involvement of a wealthy Hollywood lawyer who paid off Hunter Biden’s tax debt. This revelation has frustrated IRS agents who believe that Hunter Biden repeatedly violated tax laws.
The second whistleblower, identified as the lead IRS case agent, asserts that Hunter Biden owed substantial taxes even before his father became vice president. In 2014, when Joe Biden was serving as vice president and had involvement in Ukraine policy, Hunter Biden joined the board of directors of Ukrainian natural gas company Burisma. The whistleblower reveals that Burisma paid Hunter Biden $666,667 for minimal or no work. Instead of reporting this income and paying taxes, Hunter Biden allegedly funneled the money into a Chinese firm through a friend, disguising it as a loan.
The whistleblower provides insights into Hunter Biden’s tax evasion scheme: (breitbart.com) (waysandmeans.house.gov)
“He took loans from that corporation — which were distributions. And he didn’t pay taxes on those loans.”
The whistleblower emphasizes that none of the income earned from Burisma was reported or taxed. Furthermore, the statute of limitations on the 2014 tax year has expired, preventing any prosecution for the evasion. The Justice Department accepted Biden’s defense that the money was a loan, although the whistleblower argues that loaning oneself money is illogical.
The transactions orchestrated by Hunter Biden and his friend Kevin Morris, a wealthy Hollywood lawyer, come into focus. Morris reportedly paid off the $2.2 million in taxes owed by Hunter Biden for the years 2014 to 2019. On Hunter Biden’s 2020 tax return, he indicated that Morris provided financial support of $1.4 million, treated as a loan with a 5% interest rate to be repaid between 2025 and 2027. The remaining support was considered a gift and not reported as a taxable event.
The whistleblower acknowledges that he and the other whistleblower, Gary Shapely, were removed from the investigation, preventing them from knowing the outcome of the investigation into Morris’s transaction. This revelation frustrates IRS agents who believe that Hunter Biden’s actions constitute repeated violations of tax laws throughout the 2010s.
The whistleblower’s testimony prompts questions about the resolution of the case with only misdemeanor charges. The involvement of a new friend bailing out Hunter Biden without immediate repayments does not negate the repeated violations of tax laws. The actions of evading taxes and only paying them off years later, once caught, still constitute a crime. This conclusion leaves IRS agents dissatisfied and raises concerns about the fairness of the legal outcome.
The revelations surrounding Hunter Biden’s tax evasion scheme add fuel to the ongoing debate about accountability and equal treatment under the law. Critics argue that such behavior demonstrates a disregard for tax obligations and a sense of entitlement, especially given the involvement of a public figure’s son. As the story unfolds, it highlights the complexities and potential inequities within the legal system, leaving many frustrated with the perceived lack of justice and accountability in high-profile cases.
