Download raw source

MIME-Version: 1.0 Received: by 10.25.84.202 with HTTP; Wed, 20 Jan 2016 18:46:31 -0800 (PST) In-Reply-To: <CALk44aBTZo4vrs=w4N=tTEiGvXsSeLo8yTC7t2kWBC29t3mnuQ@mail.gmail.com> References: <BLUPR17MB03244AA85EAEC690E229956BA3C20@BLUPR17MB0324.namprd17.prod.outlook.com> <CALk44aCF4ud8Xmys6ysh7MGCVRBAP4KcWLXS5JdgfBNiFiePQA@mail.gmail.com> <CAE6FiQ-rKmvDWVk6xceYtTLA_kwiUYPQqAVT57X+46mzX0dPNQ@mail.gmail.com> <CALk44aBTZo4vrs=w4N=tTEiGvXsSeLo8yTC7t2kWBC29t3mnuQ@mail.gmail.com> Date: Wed, 20 Jan 2016 21:46:31 -0500 Delivered-To: john.podesta@gmail.com Message-ID: <CAE6FiQ_b9ojEtmsJ1bH6r_kCKQRTA4RGaE94-89iGJh-_RbPXQ@mail.gmail.com> Subject: Re: YGPF From: John Podesta <john.podesta@gmail.com> To: Cheryl Mills <cheryl.mills@gmail.com> Content-Type: multipart/alternative; boundary=001a11401e842a17240529cf1c73 --001a11401e842a17240529cf1c73 Content-Type: text/plain; charset=UTF-8 Ok. I'm up. On Wednesday, January 20, 2016, Cheryl Mills <cheryl.mills@gmail.com> wrote: > i have a 930pm call - I can call you after > > On Wed, Jan 20, 2016 at 7:40 PM, John Podesta <john.podesta@gmail.com > <javascript:_e(%7B%7D,'cvml','john.podesta@gmail.com');>> wrote: > >> Not great, but what's one more brick in the pack. Can I call you as late >> as 9:30? >> >> >> On Wednesday, January 20, 2016, Cheryl Mills <cheryl.mills@gmail.com >> <javascript:_e(%7B%7D,'cvml','cheryl.mills@gmail.com');>> wrote: >> >>> Tina >>> >>> This comes from 2007/2008 Q/A about WJC Yucapia relationship and taxes. >>> >>> >>> cdm >>> ---------- Forwarded message ---------- >>> From: Heather Samuelson <hsamuelson@cdmillsgroup.com> >>> Date: Wed, Jan 20, 2016 at 2:41 PM >>> Subject: YGPF >>> To: Cheryl Mills <cheryl.mills@gmail.com> >>> >>> >>> >>> Q. Why is YGPF organized in the Cayman Islands? >>> >>> >>> >>> A. The Yucaipa Global Partnership Fund invests in foreign corporations >>> and welcomes foreign investors. >>> >>> >>> >>> To avoid double taxation -- where investors are taxed in two >>> countries on the same income without an offsetting foreign tax credit in >>> the investor's home country -- YGPF, like many international funds, is >>> organized in the Cayman Islands. >>> >>> >>> >>> Taxable U.S. investors in funds organized in the Cayman Islands >>> pay applicable U.S. taxes on income and gain from those funds, but are not >>> subject to being taxed a second time on that same income or gain by the >>> Cayman Islands. >>> >>> >>> >>> As an American citizen, President Clinton must and does pay all >>> applicable U.S. taxes on all the income or gains he receives related to the >>> Yucaipa Global Partnership Fund. >>> >>> >>> >>> > --001a11401e842a17240529cf1c73 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable Ok. I'm up.<br><br>On Wednesday, January 20, 2016, Cheryl Mills <<a = href=3D"mailto:cheryl.mills@gmail.com">cheryl.mills@gmail.com</a>> wrote= :<br><blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-le= ft:1px #ccc solid;padding-left:1ex"><div dir=3D"ltr">i have a 930pm call - = I can call you after</div><div class=3D"gmail_extra"><br><div class=3D"gmai= l_quote">On Wed, Jan 20, 2016 at 7:40 PM, John Podesta <span dir=3D"ltr">&l= t;<a href=3D"javascript:_e(%7B%7D,'cvml','john.podesta@gmail.co= m');" target=3D"_blank">john.podesta@gmail.com</a>></span> wrote:<br= ><blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1= px #ccc solid;padding-left:1ex">Not great, but what's one more brick in= the pack. Can I call you as late as 9:30?<div><div><br><br>On Wednesday, J= anuary 20, 2016, Cheryl Mills <<a href=3D"javascript:_e(%7B%7D,'cvml= ','cheryl.mills@gmail.com');" target=3D"_blank">cheryl.mills@gm= ail.com</a>> wrote:<br><blockquote class=3D"gmail_quote" style=3D"margin= :0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir=3D"ltr">T= ina<div><br></div><div>This comes from 2007/2008 Q/A about WJC Yucapia rela= tionship and taxes. =C2=A0</div><div><br></div><div><br></div><div>cdm<br><= div class=3D"gmail_quote">---------- Forwarded message ----------<br>From: = <b class=3D"gmail_sendername">Heather Samuelson</b> <span dir=3D"ltr"><<= a>hsamuelson@cdmillsgroup.com</a>></span><br>Date: Wed, Jan 20, 2016 at = 2:41 PM<br>Subject: YGPF<br>To: Cheryl Mills <<a>cheryl.mills@gmail.com<= /a>><br><div lang=3D"EN-US" link=3D"#0563C1" vlink=3D"#954F72"><div><br> <p class=3D"MsoNormal"><u></u>=C2=A0<u></u></p> <p class=3D"MsoNormal">Q.=C2=A0 Why is YGPF organized in the Cayman Islands= ?<u></u><u></u></p> <p class=3D"MsoNormal"><u></u>=C2=A0<u></u></p> <p class=3D"MsoNormal" style=3D"margin-left:.25in">A.=C2=A0 The Yucaipa Glo= bal Partnership Fund invests in foreign corporations and welcomes foreign i= nvestors. <u></u><u></u></p> <p class=3D"MsoNormal" style=3D"margin-left:.25in"><u></u>=C2=A0<u></u></p> <p class=3D"MsoNormal" style=3D"margin-left:.25in">=C2=A0=C2=A0=C2=A0=C2=A0= =C2=A0 To avoid double taxation -- where investors are taxed in two countri= es on the same income without an offsetting foreign tax credit in the inves= tor's home country -- YGPF, like many international funds, is organized in the Cayman Islands.<u></u><u></u></p> <p class=3D"MsoNormal" style=3D"margin-left:.25in"><u></u>=C2=A0<u></u></p> <p class=3D"MsoNormal" style=3D"margin-left:.25in">=C2=A0=C2=A0=C2=A0=C2=A0= =C2=A0 <span style=3D"background:yellow"> Taxable U.S. investors in funds organized in the Cayman Islands pay applica= ble U.S. taxes on income and gain from those funds, but are not subject to = being taxed a second time on that same income or gain by the Cayman Islands= .</span><u></u><u></u></p> <p class=3D"MsoNormal" style=3D"margin-left:.25in"><u></u>=C2=A0<u></u></p> <p class=3D"MsoNormal" style=3D"margin-left:.25in">=C2=A0=C2=A0=C2=A0=C2=A0= =C2=A0 <span style=3D"background:yellow"> As an American citizen, President Clinton must and does pay all applicable = U.S. taxes on all the income or gains he receives related to the Yucaipa Gl= obal Partnership Fund.</span><u></u><u></u></p> <p class=3D"MsoNormal" style=3D"margin-left:.25in"><u></u><u></u></p> <p class=3D"MsoNormal"><span style=3D"font-size:11.0pt;font-family:"Ca= libri",sans-serif"><u></u>=C2=A0<u></u></span></p> </div> </div> </div><br></div></div> </blockquote> </div></div></blockquote></div><br></div> </blockquote> --001a11401e842a17240529cf1c73--