The Blairs' London townhouse
Thanks to a perfectly legal loophole, the duo avoided the levy because they bought the offshore company that owned the property, a firm belonging to a Bahraini minister, rather than the townhouse itself. The Blairs set up a UK company to purchase the foreign entity and promptly dissolved it once the deal was done and dusted.Hunter Biden failed to pay between $1.1 million and $1.5 million in taxes, prosecutors say
From CNN's Tierney Sneed, Marshall Cohen, Kara Scannell and Holmes LybrandFederal prosecutors gave a lengthy and detailed description of Hunter Biden's tax problems and troubled finances at Wednesday’s plea proceedings.
Biden failed to pay between $1.1 million and $1.5 million in federal taxes before the legal deadlines, prosecutors said in court.
President Joe Biden's son earlier told the court that he intends to plead guilty to two misdemeanors for not paying federal taxes on time in 2017 and 2018. A sentencing date will likely be scheduled during the plea hearing.