An e-mail to Hunter Biden's partner from a top Chinese official on July 26, 2017 shows the Chinese energy company CEFC proposed a $5 million "interest-free" loan to the Biden family "based on their trust on [Biden] family[.]"
"Should CEFC keep lending more to the family?"
Less than two weeks later, on August 8, 2017, $5 million was wired from a CEFC-affiliated investment vehicle to a Delaware LLC, which spent the next year transfering nearly $4.8 million directly to Hunter Biden's firm, according to Senate investigators.
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S.Imex
Interest Free Loans are illegal (violation of IRC). Loans over $100,000 require interest payment of AFR%-any amount paid. Further, that's around 70k per year interest which Bidens would have to report on their 709. Again if true, but those are the rules.
Correction to prior tweet. Interest Free Loans require that imputed interest be calculated and paid (AFR%-any amount paid). If the bidens took a 0% loans, lender reports income (imputed interest) and the Biden's would be deemed to have received a gift for that amount.
9,917 posted on 10/22/2020 12:45:26 PM PDT by STARLIT
(The sun itself sees not till heaven clears.)
