- Songwriter also has Austrian citizenship through her late father
- Former husband Marc Rich fled the country when indicted on charges of tax evasion – but was pardoned by President Clinton in 2001
- House of Representatives committee later found Denise Rich had swayed the decision through donations to Clinton campaign
- Comes as the latest wealthy American to denounce citizenship
Reuters Reporter
via The Daily Mail [UK]
9 July 2012
Denise Rich, the wealthy socialite and former wife of pardoned billionaire trader Marc Rich, has given up her U.S. citizenship – and, with it, much of her U.S. tax bill.
Rich, 68, a Grammy-nominated songwriter, top Democratic donor and glamorous figure in European royalty circles, renounced her American passport in November, according to her lawyer.
Her maiden name, Denise Eisenberg, appeared in the Federal Register on April 30 in a quarterly list of Americans who renounced their U.S. citizenship and permanent residents who handed in their green cards.
By dumping her U.S. passport, Rich, who was born in Worcester, Massachusetts, likely will save tens of millions of dollars or more in U.S. taxes over the long haul, tax lawyers say…
The article continues at The Daily Mail.
Besides demonstrating yet again the usual liberal hypocrisy, why does this story matter? Here’s a little reminder from 2008: A Pardon to Remember
WHEN President Bill Clinton pardoned a billionaire fugitive from justice on his last day in office, even usually loyal Democrats were dismayed. Representative Henry Waxman of California called it “bad precedent” and “an end run around the judicial process.” He said it appeared to set a double standard for the wealthy and powerful.
The billionaire was Marc Rich, a commodities trader, and his pardon is a subject of discussion again because Eric Holder, Mr. Clinton’s deputy attorney general at the time and a key figure in the clemency process, is reported to be Barack Obama’s choice for attorney general. In the years since the Rich pardon, Mr. Holder has said he “never devoted a great deal of time to this matter.” He also told an interviewer that, in hindsight, he wished that the Justice Department had been “more fully informed” about the case. As someone who helped cover the story for The Washington Post, I think the issue is far more complicated and deserves more scrutiny if Mr. Holder is to become our top law-enforcement official…
Yep. Read the whole thing.
