"Tax Savings Ahoy: Harlan Crow's Clarence Thomas Cruises"

1 min read
Source: ProPublica
"Tax Savings Ahoy: Harlan Crow's Clarence Thomas Cruises"
Photo: ProPublica
TL;DR Summary

Harlan Crow, a billionaire GOP donor, has been engaged in a battle with Congress over disclosing his gifts to Supreme Court Justice Clarence Thomas, including trips on his yacht. Tax data obtained by ProPublica reveals that Crow's voyages with Thomas helped reduce his tax bill, raising questions about his compliance with the tax code. Crow's yacht company, Rochelle Charter Inc., reported net losses totaling nearly $8 million from 2003 to 2015, but there is no evidence that it was a profit-seeking business as required by law. Congress is interested in investigating potential tax evasion by the ultrarich who use yachts to exploit tax laws.

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