In the recently disclosed testimony provided by the House Ways and Means Committee, the second whistleblower, an anonymous lead IRS case agent, presented information about Hunter Biden’s commercial activities. The whistleblower described an elaborate plan of tax evasion allegedly orchestrated by Hunter Biden. It is claimed that Hunter deliberately evaded paying substantial amounts of taxes through a sophisticated scheme that involved his position as a board member at the Ukrainian natural gas company Burisma and a business associate from China.
During Joe Biden’s second term as vice president, specifically in 2014, he was responsible for Ukraine policy. It was during this time that the Ukrainian natural gas company appointed Hunter Biden as a member of its board of directors. The whistleblower revealed that Hunter Biden received a sum of $666,667 from Burisma, despite allegedly performing minimal or no significant work. Instead of declaring this amount as income and fulfilling the associated tax obligations, Hunter Biden redirected the funds to a Chinese company controlled by one of his acquaintances. Subsequently, the associate effectively “loaned” the money back to Hunter Biden.
According to the whistleblower’s account, Hunter Biden devised a scheme where he would receive funds through a corporation owned by his friend, and then his friend would reimburse him half of the money as loans. This arrangement was designed to avoid tax obligations. The funds involved in this scheme originated from a Bohai Harvest investment, in which both Hunter Biden and Devon Archer were involved.
There was a need to invest approximately one million dollars, but Hunter Biden lacked the necessary funds. Devon suggested that a portion of the money from Burisma could be utilized for the investment, while the remaining amount would be repaid to Hunter as a loan. The whistleblower emphasized the fact that Hunter failed to report any of the income he received from Burisma in 2014, which resulted in a substantial tax liability.
The whistleblower conveyed their dissatisfaction that no payments had been made or legal actions pursued regarding these matters. It was pointed out that the statute of limitations for the 2014 tax year had expired. The whistleblower indicated that, by taking the most cautious approach, the tax loss for 2014 would have amounted to $124,845, encompassing both direct payments and benefits received by Hunter. Furthermore, a Porsche that was acquired for Hunter’s benefit was mentioned as an item that had not been subjected to taxation. To date, none of the outstanding amounts have been paid or subjected to legal prosecution.
