This was in an interview to the National Review – a publication not remotely trying to do a ‘ gotcha’ with Willard:
From a political perspective, a lot of pundits wonder why you haven’t gotten rid of your offshore accounts. Can you explain why you have not done that?
Well, first of all, all of my investments are managed in a blind trust. By virtue of that, the decisions made by the trustee are the decisions that determine where the investments are. Secondly, the so-called offshore account in the Cayman Islands, for instance, is an account established by a U.S. firm to allow foreign investors to invest in U.S. enterprises and not be subject to taxes outside of their own jurisdiction. So in many instances, the investments in something of that nature are brought back into the United States. The world of finance is not as simple as some would have you believe. Sometimes a foreign entity is formed to allow foreign investors to invest in the United States, which may well be the case with the entities that Democrats are describing as foreign accounts.
Think about this answer for a minute. Willard tells us all the time who he is, and this answer is just part of that.
Those offshore accounts exist so that FOREIGNERS can MAKE MONEY IN THE UNITED STATES
but NOT PAY TAXES TO THE UNITED STATES.
Does this sound like a man who has the FINANCIAL HEALTH OF THE UNITED STATES AT THE FOREFRONT OF HIS MIND?
And, even if that’s the PURPOSE of the offshore accounts…..it still doesn’t answer the question of…
WHY THE HELL DO YOU HAVE YOUR OFFSHORE ACCOUNTS?