A whistleblower in the Hunter Biden investigation just revealed new details about the First Son’s intricate tax evasion scheme.
According to the whistleblower from the Internal Revenue Service (IRS), Hunter purposefully evaded millions in taxes by being a board member of the Ukrainian natural gas company Burisma as well as an associate of a Chinese business.
Burisma appointed Hunter to its board of directors in 2014, during his father Joe Biden’s second term as vice president in charge of Ukrainian policy. Hunter earned $666,667 from the Ukrainian company for little to no labor, and instead of declaring it as income and paying taxes on it, he invested the money in a Chinese company owned by one of his associates. The associate later “loaned” Hunter the money back.
Hunter, per the whistleblower, put up a system to receive money through his friend’s firm and then have them loan him half of the funds in order to avoid paying taxes. The president’s son and Devon Archer invested money in Bohai Harvest.
The IRS whistleblower also claimed that there had been unprecedented efforts to thwart investigations into Biden during the 2020 campaign and into his presidency.
Hunter allegedly claimed to be with his father and specifically mentioned him in a WhatsApp message to Henry Zhao, CEO of Harvest Fund Management, on July 30, 2017, in an effort to pressure Zhao to fulfill a commitment.
This comes after the Department of Justice recently announced that it was ending its investigation into Hunter without bringing any charges, and despite staggering evidence of the younger Biden’s involvement in his family’s shady business dealings.
Republican House Speaker Kevin McCarthy, however, said that Hunter’s “sweetheart deal” will not stop and might even “enhance” the GOP’s probe of his business dealings.
“How can Hunter Biden plead guilty, no jail time, and the DOJ say there’s still an investigation trying to withhold information to the House?” McCarthy asked. “That’s unacceptable and will not stand.”
“Now, this does nothing to our investigation, and it actually should enhance our investigation because the DOJ should not be able to withhold any information now, saying that there’s a pending investigation,” he continued.
